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.

Details

Title
The role of eco-innovation, eco-investing, and green bonds in achieving sustainable economic development: evidence from Vietnam
Author
Nguyen Thi Minh Phuong 1 ; Nguyen Thi Xuan Huong 2 ; Nguyen Van Song 3 ; Huyen, Vu Ngoc 4 ; Nguyen Thi Hai Yen 1 ; Truong, Cong Giap 1 ; Hoang, Vu Quang 5 ; Nguyen Van Huong 6 

 Economics Department, Economic College, Vinh University (VU), Vinh City, Vietnam 
 Faculty of Economics and Management, Viet Nam National University of Forestry (VNUF), Ha Noi, Viet Nam 
 Faculty of Economics and Rural development (FERD), Viet Nam National University of Agriculture (VNUA), Ha Noi, Viet Nam 
 Faculty of Accounting and Business Management, Vietnam National University of Agriculture (VNUA), Gia Lam, Ha Noi, Viet nam 
 Rural Development Center, Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), Ha Noi, Vietnam 
 Faculty of Economics, Hung Yen University of Technology and Education (UTEHY), Hung Yen, Viet Nam 
Publication year
2023
Publication date
2023
Publisher
Taylor & Francis Ltd.
ISSN
1331677X
e-ISSN
18489664
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2922707542
Copyright
© 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This work is licensed under the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.