Quantile Effect of Economic Factors and Energy Consumption on Environmental Degradation in Vietnam

Hoang Thi Xuan, Nguyen Chi Hai and Ngo Thai Hung
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Hoang Thi Xuan: University of Economics and Law, Ho Chi Minh city, Vietnam2Vietnam National University, Ho Chi Minh City, Vietnam3No. 669, Highway 1, Quarter 3, Linh Xuan Ward, Thu Duc City, Ho Chi Minh City, Vietnam4Vietnam National University, Linh Trung Ward, Thu Duc City, Ho Chi Minh City 70000, Vietnam
Nguyen Chi Hai: University of Economics and Law, Ho Chi Minh city, Vietnam2Vietnam National University, Ho Chi Minh City, Vietnam3No. 669, Highway 1, Quarter 3, Linh Xuan Ward, Thu Duc City, Ho Chi Minh City, Vietnam4Vietnam National University, Linh Trung Ward, Thu Duc City, Ho Chi Minh City 70000, Vietnam
Ngo Thai Hung: University of Finance-Marketing, Vietnam6No. 778, Nguyen Kiem St., Phu Nhuan District, HCMC 700000, Vietnam

Journal of Environmental Assessment Policy and Management (JEAPM), 2024, vol. 26, issue 04, 1-41

Abstract: This study aims to highlight the asymmetric impact of economic growth (GDP), trade openness (TO), energy consumption (EC), foreign direct investment (FDI), and financial development (FD) on carbon dioxide (CO2) emissions in Vietnam over the period 1990–2022, using quantile-on-quantile regression and Granger causality in quantiles techniques. Our mainstream findings indicate that the selected macroeconomic indicators have a strong positive effect on CO2 emissions in this country, and this effect is more pronounced in the lowest and highest quantiles of the respective variables. In addition, the results of Granger causality suggest a bidirectional causal relationship between the examined indicators. These findings suggest that fostering economic growth, promoting trade openness, managing energy consumption, encouraging foreign direct investment, and enhancing financial development can contribute to a sustainable environment in Vietnam.

Keywords: FDI; financial development; trade openness; energy consumption; GDP; CO2 emissions; Vietnam (search for similar items in EconPapers)
JEL-codes: C14 F60 F64 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S1464333224400015

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