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This study primarily examines the influence of Information and Communication Technology (ICT) on Digital Financial Consumer Protection (DFCP), utilizing a dataset spanning 88 countries globally from 2014 to 2018, within the context of consumer welfare under diverse socioeconomic conditions. The research confirms a positive relationship between information and communication technology (ICT) evolution and digital finance consumer protection (DFCP) in OECD countries with inclusive institutions, competitive markets, and solid educational foundations. Conversely, a negative correlation is observed between ICT growth and DFCP in countries with moderate gender inequality. The study further confirms that ICT development positively influences DFCP due to contextual conditions (i.e. cybersecurity index, political stability, higher educational level, and market quality). Policy implications emphasize the need to address information inequality and protect consumer rights in the digital era. Measures to curb market monopolies of major tech companies and combat unauthorized data usage are recommended. Additionally, enhancing digital literacy is crucial for harnessing the benefits of ICT and promoting financial consumer welfare. Establishing a practical code of conduct aligned with market needs is also essential for ensuring consumer protection. [ABSTRACT FROM AUTHOR]

Using the updated data from the 2016 Vietnam Household Living Standard Survey, this study examines the role of education in the livelihood of households in the Northwest region, the poorest region in Vietnam. Our micro-econometric analysis shows that education has a positive effect on choosing better livelihoods, household income and poverty reduction, even after controlling for all other factors in the models. However, our quantile regression analysis reveals that the returns on education are substantially heterogeneous across percentiles of income distribution and tend to be higher for better-off households. This implies that education has an increasing effect on within-level income inequality. The finding suggests that a conventional approach employing only mean regression to study the effect of education on income could miss heterogeneity of interest to policymakers.

AbstractWe examine the impact of alcohol consumption on children’s educational achievement using the Vietnam Household Living Standard Surveys from 2012 to 2018. We find that alcohol consumption negatively impacts children’s schooling years and their likelihood of tertiary and higher education, while also positively affecting the lag in their school achievement. The impact is more severe in rural areas, while urban areas show no evidence. The influence of alcohol consumption varies among regions, with southern areas having a stronger effect on children’s education. Female students appear to be more affected than male students when their households consume the same amount of alcohol. [ABSTRACT FROM AUTHOR]

This study examines the relationship between foreign direct investment (FDI), institutional quality and human development) in host countries from 2002 to 2019, using the Human Development Index [HDI] as the measure of human development. This study utilized a panel dataset of 143 countries, including both developed and developing economies, over a 17-year period. Additionally, the study employed a GMM (generalized method of moments) estimator to address unobservable heterogeneity and simultaneity. This study reveals a significant positive relationship between FDI and human development, with a stronger effect observed in developing countries compared to in developed countries. Notably, the impact of FDI-HDI nexus is larger in countries with moderately high-quality institutions, irrespective of their income level. Furthermore, good governance plays a crucial role in enhancing human development, as developing economies with high governance quality experience a greater impact of FDI on HDI compared to other countries. The findings of this study suggest that attracting FDI can be beneficial for enhancing the HDI, especially in developing countries. Additionally, the study highlights governance as a moderating factor in the relationship between FDI and HDI. Improving governance quality can enhance the positive impact of FDI on human development in host countries, especially in developing countries. [ABSTRACT FROM AUTHOR]

This study investigates the impact of migration on the well-being of children under 5 in Vietnam. For the purpose of this study migration is measured by the proportion of residents who moved from one province to another five years ago, while children's well-being is proxied by nutritional status, height and weight for age, education, and childcare. Our estimation results show that migration increases the probability of child access to food, improves their nutritional status, and enhances childcare. Interestingly, the effects of migration on the nutritional status of children under 5 tend to be greater for children who has already had a better nutritional status. We find that income is a channel through which migration affects the well-being of children. Our findings suggest that promoting migration can be an effective tool for improving the well-being of children in Vietnam. [ABSTRACT FROM AUTHOR]

We examine the spillover effect of foreign direct investment (FDI) on domestic firms in Vietnam. We use distance between each district center and the 17th parallel north latitude as an instrumental variable for FDI firm density at the district level. The rationale for this instrument is that districts which are closer to the 17th parallel north latitude, are more likely to suffer from unexploded ordnance (UXO) from the Indochina wars and therefore attract fewer FDI firms. We find that 1% increase in FDI firm density leads to 0.2% increase in revenue and profit per employee of domestic firms. The main mechanism for this positive effect does not take place through technology spillovers but through backward linkages where domestic firms in districts with a higher FDI firm density have more FDI customers. Our study also shows the long‐term effect of war on the efficacy of domestic firms. In particular, 1% increase in the proportion of UXO‐contaminated areas reduces revenue and profit per employee of domestic firms by 0.28% and 0.29%, respectively. [ABSTRACT FROM AUTHOR]