Year-end Sale % OFF 
Abstract
Vietnam experienced political unrest from its founding in 1945–2000. However, since 2000, hints of system stability have been observed. Political unrest strengthens the foundations of national corruption over time. By considering the functions of per-capita income and natural resource development, this study assessed the effects of corruption, political instability (PIS), and natural resources on economic development. We used data from 1980 to 2020 to apply linear and non-linear Autoregressive Distributed Lag (ARDL). Both approaches supported the theory when applied to Vietnam. Our findings show that PIS has a detrimental impact on a nation's GDP, whereas natural resources increase GDP over the long and short term. In contrast, corruption temporarily boosts GDP, while lowering it over time. The asymmetric results over the long-term show that as corruption increases, GDP decreases, and as corruption decreases, GDP increases. The causality correlation supports these findings and suggests policies to combat lease and patronage practices and create a more transparent national environment. This will help control the obvious problems of PIS, corruption, and untapped natural resources and support the country's economic development and prosperity.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
