Renewable energy consumption, nonrenewable energy consumption, CO2 emissions and economic growth in Vietnam

PurposeThis study intended to analyze the impact of nonrenewable energy consumption, renewable energy consumption, CO2 emissions on per capita income growth in Vietnam in the period 1990–2019.Design/methodology/approachThe present study adopts the technique of the Autoregressive Distributed Lag (ARD...

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Bibliographic Details
Published inManagement of environmental quality Vol. 33; no. 2; pp. 419 - 434
Main Authors Nguyen, Van Cam Thi, Le, Hoi Quoc
Format Journal Article
LanguageEnglish
Published Bradford Emerald Publishing Limited 21.02.2022
Emerald Group Publishing Limited
Subjects
Alternative energy sources
Carbon dioxide
Carbon dioxide emissions
Climate change
Coal
COVID-19
Data collection
Econometrics
Economic analysis
Economic development
Economic growth
Emissions
Energy consumption
Energy industry
Energy resources
Environmental quality
Fossil fuels
GDP
Global warming
Greenhouse gases
Gross Domestic Product
Hydroelectric power
Impact analysis
Income
Natural gas
Renewable energy
Renewable resources
Solar energy
Supplies
Wind power
United States > US
Vietnam
ARDL model
Renewable energy
CO
Growth
emissions
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Summary:PurposeThis study intended to analyze the impact of nonrenewable energy consumption, renewable energy consumption, CO2 emissions on per capita income growth in Vietnam in the period 1990–2019.Design/methodology/approachThe present study adopts the technique of the Autoregressive Distributed Lag (ARDL) cointegration for the annual data collection of Vietnam.FindingsThe results of the study show that in the long term, nonrenewable energy consumption increases per capita income, but CO2 emissions reduce per capita income. In the short run, changes in nonrenewable energy consumption and renewable energy consumption promote per capita income growth in Vietnam. However, changes in nonrenewable energy consumption in the past have had a negative impact on the current income growth of Vietnamese people.Originality/valueThe current study provides new insights into the growth effect of nonrenewable energy consumption, renewable energy consumption and CO2 emissions. The papers suggests important implications to Vietnam in setting the long-run policies to boost the effect of energy consumption and CO2 emissions on growth in Vietnam in the coming time.
ISSN:1477-7835
1758-6119
DOI:10.1108/MEQ-08-2021-0199