IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v36y2023i3p2199416.html
   My bibliography  Save this article

Dynamic association of green financial innovation, eco-financing, carbon tax, economic openness, and sustainable energy transition in Vietnam: fresh evidence using DARDL approach

Author

Listed:
  • Vu Trong Lam
  • Thi Thu Hien Phan
  • Nguyen Hong Mai
  • Pham Quang Huy
  • Thanh Quang Ngo

Abstract

Sustainable energy (SE) transition and environmental quality have become a predominant part of integral policy worldwide. Besides, economic development policies at global level are being reformulated to make sure that energy supplies are reliable and have the tendency to protect environment. Although, economies are participating in activities which can help to fulfill overarching goals but developing economies specifically face challenges due to high dependency on coal consumption. The article, thereby, intends to explore the role of green financial innovation, eco-financing, carbon taxes, and economic openness on the SE transition in Vietnam. The study also checks the role of inflation and industrialization on the SE transition as control variables. The article also used Dynamic Auto-regressive Distributed Lags (DARDL) to test the connection among the variables. The outcome indicated that green financial innovation, eco-financing, carbon taxes, economic openness, inflation, and industrialization have a positive and significant linkage with the SE transition in Vietnam. These outcomes provide guidelines to policymakers in establishing new policies regarding SE transition.

Suggested Citation

  • Vu Trong Lam & Thi Thu Hien Phan & Nguyen Hong Mai & Pham Quang Huy & Thanh Quang Ngo, 2023. "Dynamic association of green financial innovation, eco-financing, carbon tax, economic openness, and sustainable energy transition in Vietnam: fresh evidence using DARDL approach," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(3), pages 2199416-219, December.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:3:p:2199416
    DOI: 10.1080/1331677X.2023.2199416
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2023.2199416
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2023.2199416?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:36:y:2023:i:3:p:2199416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.