The role of eco-innovation, eco-investing, and green bonds in achieving sustainable economic development: evidence from Vietnam

Nguyen Thi Minh Phuong, Nguyen Thi Xuan Huong, Nguyen Van Song, Vu Ngoc Huyen, Nguyen Thi Hai Yen, Truong Cong Giap, Hoang Vu Quang and Nguyen Van Huong

Economic Research-Ekonomska Istraživanja, 2023, vol. 36, issue 2, 2169839

Abstract: The perpetual upsurge of global economic development and human actions has multiplied the intensity of carbon emissions that signifies the effectiveness eco-innovation, eco-investment and green bonds in order to curb carbon emissions. Thereby, the study attempts to examine the impact of eco-innovation, eco-investment, and green bonds on the achievement of sustainable economic development (S.E.D.) in Vietnamese economy. Secondary data was used and extracted from Organization for Economic Co-operation and Development (O.E.C.D.), central bank, and World Development Indicators (W.D.I.) from 1991 to 2020. Techniques such as dynamic Auto-regressive Distributed Lags (D.A.R.D.L.) model and Bayesian Auto-regressive Distributed Lags (B.A.R.D.L.) were employed to evaluate the relationship. Findings echo that that eco-innovation, eco-investment, green bonds, industrialisation, inflation, and employment rate share positive connection with the achievement of S.E.D. in Vietnam. The study guides the policy-making authorities that they should establish the policies related to S.E.D. by using eco-innovation and eco-investment.

Date: 2023
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DOI: 10.1080/1331677X.2023.2169839

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