RESEARCH ON THE IMPACT OF PUBLIC AND PRIVATE INVESTMENT ON ECONOMIC GROWTH IN THE NORTH CENTRAL REGION

Abstract

The paper focuses on examining the impact of public investment and private investment on economic growth in the North Central Region during the period 2010-2023. The study applies OLS, REM and FEM estimation methods, using data from the General Statistics Office of Vietnam and provincial statistical yearbooks. The results indicate that both public and private investments have positive impacts on the economic growth of the North Central Region, with public investment exerting a stronger influence than private investments. Additionally, the study reveals that economic growth in the North Central Region is also influenced by factors such as the labor force and human capital, with the labor force having a more significant and positive effect than human capital.