The Effects of Transportation Infrastructure, International Trade, and Foreign Direct Investment on Economic Growth in the Lao People’s Democratic Republic
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Abstract
This paper examines the effects of transportation infrastructure, international trade, and foreign direct investment on the economic growth of the Lao People’s Democratic Republic. This study is quantitative research using secondary data at the provincial level (10 provinces) by considering the available panel data from 2013-2022. Panel regression analysis was utilized to find the impact of independent variables on economic growth. The results highlight significant relationships between various independent variables and economic growth. Transportation infrastructure has a positive impact on economic growth, indicating that improvements in transportation infrastructure are associated with higher economic output. Foreign direct investment also shows a strong positive effect on economic growth, suggesting that increased foreign investment contributes significantly to economic growth. Conversely, international trade negatively affects economic growth, implying that a higher level of international trade can hinder economic expansion. Therefore, the Lao government should limit unnecessary goods imports and expand more road network density to connect region to region and urban to rural areas.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
ลิขสิทธิ์ของบทความ
ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน
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