Impact of Green Credit and Technological Innovations on Renewable Energy Consumption in Green Efficiency of Vietnam's Ecotourism Industry

Yahya Alghasawneh (), Esssa Mahmoud Altarawneh (), Saed Ismail Mahmoud Abu Salim (), Osama Mohammad Al-Rawashdeh (), Sanjar Mirzaliev () and Aisha Khan ()
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Yahya Alghasawneh: Department of Accounting, Faculty of Administrative and Financial Science, Aqaba University of Technology, Aqaba, Jordan
Esssa Mahmoud Altarawneh: Department of Accounting, Faculty of Administrative and Financial Science, Aqaba University of Technology, Aqaba, Jordan
Saed Ismail Mahmoud Abu Salim: Department of Accounting, Faculty of Administrative and Financial Science, Aqaba University of Technology, Aqaba, Jordan
Osama Mohammad Al-Rawashdeh: Department of Hotel Management and Tourism Science, Aqaba University College, Al-Balqa Applied University, As-Salt, Jordan
Sanjar Mirzaliev: Department of Research and Innovations, Tashkent State University of Economics, Tashkent, Uzbekistan
Aisha Khan: School of Accounting and Finance, Faculty of Business and Law, Subang Jaya, Malaysia

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 3, 155-163

Abstract: The prime objective of the current study is to explore the impact of green credit and technological innovations on the consumption of green energy to derive green efficiency in the ecotourism sector. The data is collected from the ecotourism sector of Vietnam over the period from 2013 to 2022. The data is analyzed using ARDL econometric model. The empirical outcomes reveal that issuance of green credit (bonds) and technology innovations have a significant and positive impact on the green efficiency of Ecotourism (GEET) in long-run, while in the short term technological innovation sheds consistent effects but the impact of green credit is insignificant on green efficiency of ecotourism in Vietnam. Both the exchange rate and consumer price index adversely influence the ecotourism industry in Vietnam in the long- as well as short-run. The study infers that the utilization of conventional energies results in climate deterioration; therefore, Government should discourage traditional construction methods of hotel projects to a sustainable environment construction approach which ultimately enhances the green energy deployment and efficiency in the ecotourism sector.

Keywords: Green Efficiency; Ecotourism; Green Credit; Technological Innovations; Globalization (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:v:15:y:2025:i:3:id:18757

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DOI: 10.32479/ijeep.18757

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