The effectiveness of Vietnamese policies response to climate change through ARDL analysis

Being a highly vulnerable country due to climate change, Vietnam has issued various climate policies while trying to keep the pace of economic growth. The study evaluates the effectiveness of these policies by examining the effect of economic and energy factors in the efforts of controlling CO2 emis...

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Autores principales: Le Hoang Nghiem, Dang Bac Hai, Tran Thi Diem Nga, Su Thi Oanh Hoa
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Publicado: HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2021
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Acceso en línea:https://doaj.org/article/38de1c46de0e4238a61119fa4d5ddc68
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spelling oai:doaj.org-article:38de1c46de0e4238a61119fa4d5ddc682021-11-15T08:44:54ZThe effectiveness of Vietnamese policies response to climate change through ARDL analysis2734-93142734-958610.46223/HCMCOUJS.econ.en.11.2.1435.2021https://doaj.org/article/38de1c46de0e4238a61119fa4d5ddc682021-08-01T00:00:00Zhttps://journalofscience.ou.edu.vn/index.php/econ-en/article/view/1435https://doaj.org/toc/2734-9314https://doaj.org/toc/2734-9586Being a highly vulnerable country due to climate change, Vietnam has issued various climate policies while trying to keep the pace of economic growth. The study evaluates the effectiveness of these policies by examining the effect of economic and energy factors in the efforts of controlling CO2 emissions. Approach by Autoregressive Distributed Lag (ARDL) analysis, the model of a linear regression between CO2 emissions and Gross Domestic Product (GDP), Foreign Direct Investment (FDI) & sources of energy consumption has been developed from 1985 to 2018. The study indicates that the economic factor as Foreign Direct Investment (FDI) is a possible significant element to mitigate the emission. In addition, sources of energy consumption have the important role of controlling CO2 emissions. In the long run, the consumption of non - renewable energy is a positive and significant effect on CO2 emissions while renewable energy is vice versa. These outcomes show the Foreign Direct Investment (FDI) and renewable energy consumption factors lead to the decrease of CO2 emissions in the long run for Vietnam, which implies the co-exist of economic growth and decarbonization.Le Hoang NghiemDang Bac HaiTran Thi Diem NgaSu Thi Oanh HoaHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEarticleclimate changeeconomic factorsenergy consumptionEconomic theory. DemographyHB1-3840ENHo Chi Minh City Open University Journal of Science - Economics and Business Administration, Vol 11, Iss 2, Pp 42-52 (2021)
institution DOAJ
collection DOAJ
language EN
topic climate change
economic factors
energy consumption
Economic theory. Demography
HB1-3840
spellingShingle climate change
economic factors
energy consumption
Economic theory. Demography
HB1-3840
Le Hoang Nghiem
Dang Bac Hai
Tran Thi Diem Nga
Su Thi Oanh Hoa
The effectiveness of Vietnamese policies response to climate change through ARDL analysis
description Being a highly vulnerable country due to climate change, Vietnam has issued various climate policies while trying to keep the pace of economic growth. The study evaluates the effectiveness of these policies by examining the effect of economic and energy factors in the efforts of controlling CO2 emissions. Approach by Autoregressive Distributed Lag (ARDL) analysis, the model of a linear regression between CO2 emissions and Gross Domestic Product (GDP), Foreign Direct Investment (FDI) & sources of energy consumption has been developed from 1985 to 2018. The study indicates that the economic factor as Foreign Direct Investment (FDI) is a possible significant element to mitigate the emission. In addition, sources of energy consumption have the important role of controlling CO2 emissions. In the long run, the consumption of non - renewable energy is a positive and significant effect on CO2 emissions while renewable energy is vice versa. These outcomes show the Foreign Direct Investment (FDI) and renewable energy consumption factors lead to the decrease of CO2 emissions in the long run for Vietnam, which implies the co-exist of economic growth and decarbonization.
format article
author Le Hoang Nghiem
Dang Bac Hai
Tran Thi Diem Nga
Su Thi Oanh Hoa
author_facet Le Hoang Nghiem
Dang Bac Hai
Tran Thi Diem Nga
Su Thi Oanh Hoa
author_sort Le Hoang Nghiem
title The effectiveness of Vietnamese policies response to climate change through ARDL analysis
title_short The effectiveness of Vietnamese policies response to climate change through ARDL analysis
title_full The effectiveness of Vietnamese policies response to climate change through ARDL analysis
title_fullStr The effectiveness of Vietnamese policies response to climate change through ARDL analysis
title_full_unstemmed The effectiveness of Vietnamese policies response to climate change through ARDL analysis
title_sort effectiveness of vietnamese policies response to climate change through ardl analysis
publisher HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
publishDate 2021
url https://doaj.org/article/38de1c46de0e4238a61119fa4d5ddc68
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