The impact of economic development on carbon intensity of human well-being (CIWB): Evidence from lower middle-income countries

Dang Bac Hai (), Nguyen Thuan and Tran Thi Diem Nga
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Dang Bac Hai: University of Natural Resources and Environment, Ho Chi Minh City Ho Chi Minh City Open University, Ho Chi Minh City, Vietnam
Nguyen Thuan: Ho Chi Minh City Open University, Ho Chi Minh City, Vietnam
Tran Thi Diem Nga: University of Natural Resources and Environment, Ho Chi Minh City, Vietnam

HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 2023, vol. 13, issue 1, 19-31

Abstract: The aim of sustainable development is to maintain and progress economic activities while protecting the environment in long run. Recent sustainability researches have focused on the relationship between stress placed on the environment by economic activity and human well-being, known as the Carbon Intensity of Well-Being (CIWB). To contribute to this endeavor, the authors employ two-way fixed effects which analyze the impact of economic and environmental variables on CIWB in 09 lower middle-income countries from 2000 to 2018. We find that economic development includes gross domestic product and annual foreign direct investment, which are significantly negative effects on CIWB. That means economic growth reduced human well-being in the overall sample in the study period. Nevertheless, this effect is unsteady which indicates these countries should wisely choose strategies for sustainable development. In addition, the effect of energy consumption on CIWB has a significant positive in this study.

Keywords: carbon intensive of human well-being; Gross Domestic Product (GDP); lower middle-income countries (search for similar items in EconPapers)
JEL-codes: I31 I38 O10 O44 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bjw:econen:v:13:y:2023:i:1:p:19-31

DOI: 10.46223/HCMCOUJS.econ.en.13.1.2081.2023

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