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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.
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Details
1 Economics Department, Economic College, Vinh University (VU), Vinh City, Vietnam
2 Faculty of Economics and Management, Viet Nam National University of Forestry (VNUF), Ha Noi, Viet Nam
3 Faculty of Economics and Rural development (FERD), Viet Nam National University of Agriculture (VNUA), Ha Noi, Viet Nam
4 Faculty of Accounting and Business Management, Vietnam National University of Agriculture (VNUA), Gia Lam, Ha Noi, Viet nam
5 Rural Development Center, Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), Ha Noi, Vietnam
6 Faculty of Economics, Hung Yen University of Technology and Education (UTEHY), Hung Yen, Viet Nam