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http://dx.doi.org/10.13106/jafeb.2021.vol8.no5.0355

The Effect of Technology Spillover on Business Efficiency: A Case Study in Vietnam  

PHUNG, Mai Lan (Faculty of Economics and Management, Thuy Loi University)
HOANG, Vu Hiep (Faculty of Planning and Development, National Economics University)
NGUYEN, Thi Thanh Huyen (Faculty of Economics and Management, Thuy Loi University)
PHAM, Thi Thanh Van (National Academy of Public Administration)
TRAN, Viet Tien (National Economics University)
HOANG, Van Hoa (Faculty of Economics, National Economics University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.5, 2021 , pp. 355-364 More about this Journal
Abstract
The main objective of this study is to examine the interactive effect of technology spillover channels on business efficiency within the case study of manufacturing industry of Vietnam during the period from 2012 to 2018. The research model was developed with business efficiency as dependent variable and the relevant factors affecting the technology spillover capacity as independent variables. With a sample of 2,776 cross-sectional enterprises, panel data analysis approach was adopted to estimate the impact of technology spillover issue. Different spillover channels were also included in the analysis to enhance the empirical result. The study reveals that technology spillovers positively influence manufacturing business efficiency, in which horizontal spillover channel produces negative impact and vertical spillover channel, creates positive impact. Several factors that negatively affect the technology spillover capacity of businesses could be mentioned such as limited skills and experiences of workers, methods of implementing R&D, and the existence of FDI enterprises. Meanwhile, the rise of other factors related to joint-venture activities can help to increase the technology spillover capacity of businesses. In addition, skill and experience transfer makes a partial impact since this variable only positively affect the vertical spillover channel and provide no evidence of impact regarding horizontal spillover channel model.
Keywords
Technology Spillover; R&D; Technology Innovation; Manufacturing Industry;
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