Remittance, Renewable Energy, and CO2 Emissions: a Vietnamese Illustration

Ngo Thai Hung ()
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Ngo Thai Hung: University of Finance-Marketing

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 84, 2096-2120

Abstract: Abstract This study aims to identify the lead-lag interaction between remittances, renewable energy consumption, and carbon dioxide emissions in Vietnam in the time-frequency domain. Using different wavelet techniques, including bivariate, partial, multiple wavelet coherence, and the wavelet-based Granger test, our findings uncover that the interplay between remittances, renewable energy consumption, and CO2 emissions is statistically significant over the short- and medium-term horizons. These outcomes highlight the importance of policymakers effectively coordinating policies to address Vietnam’s significant environmental degradation. In addition, Vietnam should also actively promote renewable energy development and establish a more competitive environment for renewable energy investment.

Keywords: Remittances; Renewable energy; Carbon emissions; Vietnam; Wavelet analysis; F62; C22; Q53; Q56 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01238-4

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