The impact of energy consumption, foreign direct investment, and education on human well-being: Evidence from the Vietnamese economy

Hai Bac Dang ()
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Hai Bac Dang: University of Natural Resources and Environment, Ho Chi Minh City, Vietnam

HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 2025, vol. 15, issue 5, 85-100

Abstract: This paper examines the impact of energy consumption, Foreign Direct Investment (FDI), and education on human well-being in Vietnam. To realize the aim of this research, a human well-being model was established using the Autoregressive Distributed Lag (ARDL) method to evaluate and study focused on the period 1990 - 2020. The results reveal evidence of the long-run positive relationships between human well-being, foreign direct investment, education, and urbanization. In addition, urbanization increases human well-being in the short run. Conversely, foreign direct investment and education reduce human well-being in the short run. Although energy consumption is expected to impact human well-being, the study found no evidence to suggest that energy consumption significantly impacts human well-being in the short and long run. Besides, the results of this study may be of great importance for policymakers and decision-makers in developing policies that attract foreign direct investment capital, education, and urbanization and contribute to the improvement of human well-being in Vietnam.

Keywords: education; energy consumption; foreign direct investment; human well-being; urbanization (search for similar items in EconPapers)
JEL-codes: I31 O1 O33 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bjw:econen:v:15:y:2025:i:5:p:85-100

DOI: 10.46223/HCMCOUJS.econ.en.15.5.3440.2025

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