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Sustainable Marine Economic Development in Vietnam in the Period 2011-2018

Hoang Ngoc Phong, Nguyen Cong My, Bùi Thị Thanh Hoa and Lê Bich Ngoc

Applied Economics and Finance, 2019, vol. 6, issue 6, 1-9

Abstract: This work is to test the hypothesis of sustainable economic development by using a linear structural model. The structural equations in the structural model show that, the social development goals depend on economic growth and environmental protection goals, namely (Social target) = 1.22 * (Economic target) - 0.064 * (Environment target) and economic development target depend on social development goals and environmental protection goals, namely (Economy target) = 1.35 * (Social target) - 0.039 * (Environment target). The result show that both economic and social development have an adverse environmental impact that will no longer harmonize goals, reflecting the unsustainable marine economic development in the period of 2011-2018. There have many factors of unsustainable marine economic development in period 2011-2018, but mainly is low economic growth efficiency, low labor productivity and the process of urbanization does not truly create a foundation for economic development.

Keywords: sustainable marine economy; structural equation model (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:rfa:aefjnl:v:6:y:2019:i:6:p:1-9