Innovation-Led Environmental Sustainability in Vietnam—Towards a Green Future

Sustainability, Год журнала: 2023, Номер 15(16), С. 12109 - 12109

Опубликована: Авг. 8, 2023

The motivation of the study is to assess role education, technological innovation, financial and clean energy consumption trade openness on environmental sustainability in Vietnam. implemented symmetric asymmetric frameworks document explanatory variables’ coefficients ES. Study findings suggest that prompt by lowering carbon emission ecological imbalance long short run. Regarding assessment, standard Wald test confirmed association run For directional causality, TY–Fourier causality test. It revealed bidirectional between innovation sustainability. In contrast, unidirectional ran from education ES FDI Policy recommendations have been derived empirical both investigations. These highlight importance prioritizing investments enhance Moreover, promoting technologies encouraging innovations can serve as additional catalysts for advancing sustainable practices. implications policy mentioned above offers valuable insights policymakers stakeholders their endeavor develop strategies achieve While contribute our understanding determinants Vietnam, it important note study’s scope limited examined determinants. Other factors not included may also a significant role.

Язык: Английский

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Do natural resources bestow or curse the environmental sustainability in Cambodia? Nexus between clean energy, urbanization, and financial deepening, natural resources, and environmental sustainability

Energy Strategy Reviews, Год журнала: 2024, Номер 53, С. 101412 - 101412

Опубликована: Май 1, 2024

The management and utilization of natural resources can either promote or hinder environmental sustainability. While they provide the basis for renewable energy, sustainable agriculture, conservation efforts, their extraction use also lead to degradation, pollution, depletion. This study examines intricate relationship between resource rent (NRR) sustainability in Cambodia. Specifically, investigates impacts financial openness, institutional quality, deepening, urbanization on this relationship. Employing both symmetric asymmetric frameworks, research assesses explanatory power these variables Study implemented novel cointegration test offered by Bayer-Hancked Makki, long-run short-run coefficients has derived through implementation augmented autoregressive Distributed Lagged (AARDE) Nonlinear Autoregressive (NARDL). reveals long-term association NRR indicators, additionally findings uncover positive negative correlations sustainability, emphasizing challenge managing effectively. Furthermore, highlights potential adverse effects expansion, suggesting that increased investment certain industries higher consumption patterns may exacerbate degradation. It underscores role foreign direct (FDI) promoting energy technologies practices, ultimately reducing CO2 emissions. Additionally, stresses importance quality transparent systems encouraging practices mitigating carbon advocates Cambodia prioritize strength openness achieve while addressing challenges posed deepening urbanization.

Язык: Английский

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Nexus between foreign direct investment, gross capital formation, financial development and renewable energy consumption: evidence from panel data estimation

GSC Advanced Research and Reviews, Год журнала: 2024, Номер 18(1), С. 182 - 200

Опубликована: Янв. 20, 2024

This research examines the correlation between foreign direct investment (FDI), gross capital formation (GCF), financial development, and renewable energy consumption (REC). The utilizes CS-ARDL NARDL estimates to identify a strong statistically significant connection, both in long-term short-term, Foreign Direct Investment Gross Capital Formation Regional Economic Cooperation More precisely, 10% alteration (FDI) leads 1.545% augmentation Research Development Expenditure (REC) over an extended period of time, 0.735% boost immediate term. Likewise, favorable (unfavorable) advancements hasten (diminish) pace economic growth long analysis also demonstrates relationship GCF REC, highlighting advantageous impact domestic creation on integration clean energy. Moreover, it reveals development indicating that incentives enabled by have crucial encouraging use These results are consistent with previous important consequences for connection sustainable Nonetheless, study highlights importance taking into account nature caliber inflows, influence fair sector environment society, possible environmental social projects fueled expansion. Furthermore, emphasizes need well-rounded policy frameworks governance mechanisms guarantee green climate fund effectively contribute equitable study's findings offer valuable insights how global finance increase However, carefully evaluating wider related factors order develop strategies promoting consumption.

Язык: Английский

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Nexus between Environmental Degradation, Clean Energy, Financial Inclusion, and Poverty: Evidence with DSUR, CUP-FM, and CUP-BC Estimation

Sustainability, Год журнала: 2023, Номер 15(19), С. 14161 - 14161

Опубликована: Сен. 25, 2023

This research delves into the intricate interconnections among financial inclusion, adoption of renewable energy, environmental resilience, and poverty reduction in low-income countries (LICs), lower-middle-income (LMICs), sub-Saharan Africa (SSA), light complex issues such as poverty, degradation, sustainable development. work comprehensively understands interaction between these crucial factors by utilizing a dynamic panel model, specifically Dynamic Seemingly Unrelated Regression (DSUR), CUP-FM, CUP-BC. The empirical analysis conducted our study has produced findings that are both significant noteworthy. Financial inclusion pertains to facilitating formal services for demographic segments have historically been marginalized or excluded. A negative relationship levels (SSA) observed. Moreover, there is an inverse correlation utilization energy sources indicating possesses potential catalyze enhancement economic conditions overall welfare. However, it important note deterioration underscores urgent necessity implementing comprehensive policies address sustainability reduction. results above shed on governmental interventions promote positive transformations. Improving endeavors achieve holds capacity empower individuals businesses alike, fostering progress alleviating poverty. Renewable technology progressively acknowledged viable strategy advancement tackle simultaneously. It utmost importance establish policy frameworks effectively interplay degradation create future egalitarian.

Язык: Английский

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Clarifying the nexus between Trade Policy Uncertainty, Economic Policy Uncertainty, FDI and Renewable Energy Demand

International Journal of Energy Economics and Policy, Год журнала: 2024, Номер 14(2), С. 367 - 382

Опубликована: Март 15, 2024

: As the world becomes increasingly aware of need to shift towards sustainable energy sources, China and United States are two global superpowers leading this transition. With growing populations increasing demand for energy, these countries have recognized importance renewable in meeting their needs while reducing carbon emissions. The motivation study is evaluate impact trade policy uncertainty on renewal demean USA period 2000-2021 by employing linear nonlinear assessment. test statistics derived through cointegration following Bayer-Hancked Makki's established a long-run tie empirical equation. Moreover, linkage was revealed with symmetry asymmetry investigation. Referring coefficients assessment, that uncertainties detrimental role clean long- short-run asymmetric association between REC has been documented execution standard weld null symmetry. directional causality unidirectional [TPU<- ->REC], bidirectional economic [EPU<- ->REC].

Язык: Английский

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Clarifying the relationship between green investment, technological innovation, financial openness, and renewable energy consumption in MINT

Heliyon, Год журнала: 2023, Номер 9(11), С. e21083 - e21083

Опубликована: Окт. 17, 2023

The importance of Renewable energy has been well documented in the literature, especially nexus renewable energy-led environmental sustainability. purpose study is to gauge effects green investment (GI), technological innovation (TI), and financial Openness (FO) on Energy Consumption (REC) MINT for period 1996-2019. Several econometric tools have considered documenting target nexus, including panel unit root test following CADF CIPS, Error correction Cointegration test, CS-ARDL, nonlinear ARDL, directional causality by employing D-H Causality test. revealed that all variables become stationary after first difference. long-run association model unveiled with cointegration A positive statistically significant connection regarding FO, TI, GI coefficients REC exposed. It suggests progress RE development inclusion economic activities could be amplified through GI. Inferring results asymmetric valuation, statistics a standard Wald document long run short run. Furthermore, negative explanatory variables, i.e., GI, & divulge tie REC, which valid short-run assessment.

Язык: Английский

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An investigation of financial openness, trade openness, gross capital formation, urbanization, financial development, education and energy nexus in BRI: Evidence from the symmetric and asymmetric framework

PLoS ONE, Год журнала: 2023, Номер 18(12), С. e0290121 - e0290121

Опубликована: Дек. 8, 2023

Clean energy development can bring numerous benefits, such as decreased greenhouse gas emissions, improved air quality, and increased job opportunities in the green industry. These advantages be achieved through collaborative efforts of all stakeholders involved. Ultimately, adopting clean lead to a healthier planet economy. Energy availability scarcity influence aggregated The present study explores interrelationships between financial openness, trade gross capital formation, urbanization, development, education, within Belt Road Initiative (BRI) nations. A panel 56 nations has considered empirical investigation for 2002–2020. coefficients extracted from CS-ARDL revealed catalyst role openness mix, especially inclusion both long run short. asymmetric evaluation that positive negative shocks association with consumption. Moreover, was also exposed execution standard Wald test. findings show FO, TO, GCF are critical sustainability BRI It implies mix might amplified, may ensured. transition is significantly affected by financial, trade, domestic adequacy. success sustainable policies determined several factors, which play crucial countries participating projects; provide insight into complex interdependencies among variables above their effects on dynamics region. Furthermore, research hold considerable significance policymakers they offer valuable insights possible synergies trade-offs these factors facilitate transitions economies.

Язык: Английский

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Nexus between environmental qualities, institutional quality and FDI inflows in Lower-income Countries

World Journal of Advanced Research and Reviews, Год журнала: 2023, Номер 18(3), С. 321 - 345

Опубликована: Июнь 11, 2023

The study "Nexus between Environmental Qualities, Institutional Quality, and FDI Inflows in Lower-income Countries" explores the correlations among environmental qualities, institutional quality, foreign direct investment (FDI) inflows lower-income countries. By examining these factors, endeavors to augment our comprehension of determinants offer valuable perspectives for policymakers investors cultivating a favorable climate. Through empirical analysis econometric modeling, reveals positive correlation characteristics inflows. Countries with superior pollution management, sustainable resource practices, regulations tend attract greater (FDI). Furthermore, underscores pivotal importance quality attracting (FDI), underscoring significance robust governance, transparent regulatory frameworks, effective legal systems, reduced corruption levels. indicates presence an interaction effect qualities quality. This implies that nations possessing high are more capable utilizing their advantages entice investment. findings above emphasize implementing development exhibiting responsible business conduct, fostering climate as crucial factors enticing investors. provides policy recommendations encompass enhancing reinforcing promoting development, encouraging public-private partnerships, improving data availability transparency, capacity building knowledge transfer. Incorporating suggestions may aid augmenting inflows, stimulating economic expansion, less affluent nations.

Язык: Английский

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Nexus between Personal Remittances, Financial Deepening, Urbanization, and Renewable Energy Consumption in Selected Southeast Asian Countries: Evidence from Linear and Nonlinear Assessment

International Journal of Energy Economics and Policy, Год журнала: 2023, Номер 13(6), С. 270 - 287

Опубликована: Ноя. 10, 2023

This study examines the correlation between personal remittances, financial development, urbanization, and renewable energy utilization in Southeast Asian countries for period 1991-2020. The employs both linear nonlinear analyses to examine symmetric asymmetric effects of these variables on consumption. results offer a plethora significant insights. To commence, it is noteworthy that there exists an adverse deepening energy, thereby challenging prevailing notion two factors are positively interconnected. demonstrates increasing growth South could potentially have environment hinder implementation solutions. Furthermore, previous studies demonstrated positive urbanization sources. technology encouraged cities due such as population density, resource availability, supportive legislation. Thirdly, remittances exhibit varied impact, yielding favorable long-term consequences Bangladesh Pakistan, while conversely resulting negative India Sri Lanka. findings indicate necessity governmental interventions aimed at mitigating simultaneously optimizing their influence energy. Trade openness correlated with suggesting potential international trade resources. Nevertheless, worth noting liberalization short term. highlights importance implementing additional policy measures address this issue. contributes our comprehension intricate connections among deepening, consumption nations. It offers valuable insights policymakers, researchers, practitioners involved advancing sustainable transitions environmental sustainability.

Язык: Английский

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Exploring the Links between Renewable Energy, FDI, Environmental Degradation, and International Trade in Selected Developing Countries

International Journal of Energy Economics and Policy, Год журнала: 2023, Номер 13(6), С. 418 - 429

Опубликована: Ноя. 10, 2023

Trade may be significantly impacted by Foreign Direct Investment (FDI), which refers to investments made outside of the investor's place origin. Carbon emissions, in particular those that are result industrial activity and transportation, have potential a number important effects on commerce both national international levels. The environmental, economic, social repercussions these intricately interwoven with one another. Because it has an immediate bearing nation's production capacity, level competitiveness, kinds products services exported from or imported into nation, value added industry considerable influence commerce. government spending impact way nation does terms There several facets might affected, either favorably badly, method utilizes distribute its money. current study aims examine linkages among renewable energy, FDI, Environmental degradation their trade. findings obtained panel 58 developing countries 2000 2022. results Panel unit roots Kao co-integration tests recommend apply ARDL get empirics desirable relationships. is essential for governments find balance when making choices about expenditures order guarantee resources allotted support sustainable economic growth, improve trade fit larger development goals. Spending decisions strategic well-targeted play significant part improving performance integration global economy.

Язык: Английский

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