IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v34y2023i7p2386-2412.html
   My bibliography  Save this article

Causal relationship between globalization, economic growth and CO2 emissions in Vietnam using Wavelet analysis

Author

Listed:
  • Ngo Thai Hung

Abstract

In connection with environmental degradation in Vietnam, known as an emerging economy, very limited studies have been implemented to demonstrate the environmental aspects of the country's core policies, as well as recent economic policies such as economic growth and globalization policies. Given this driving force, this paper uncovers a novel perspective on the causal associations between CO 2 emissions, economic growth, and globalization in Vietnam using wavelet analysis. The empirical results provide evidence of the interconnections between the selected indicators through time and frequency. More accurately, the findings uncover that economic growth and globalization significantly increase carbon dioxide emissions in Vietnam in the medium and long run. These outcomes highlight the importance of policymakers properly coordinating policies to address Vietnam's severe environmental degradation. Furthermore, Vietnam should continue relevant policy reforms such as encouraging investment, allowing for effective governance and promoting human capital accumulation.

Suggested Citation

  • Ngo Thai Hung, 2023. "Causal relationship between globalization, economic growth and CO2 emissions in Vietnam using Wavelet analysis," Energy & Environment, , vol. 34(7), pages 2386-2412, November.
    • Handle: RePEc:sae:engenv:v:34:y:2023:i:7:p:2386-2412
    DOI: 10.1177/0958305X221108498
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0958305X221108498
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0958305X221108498?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
    ---><---

    References listed on IDEAS

    as
    1. Ali Fagheh Majidi, 2017. "Globalization and Economic Growth: The Case Study of Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(6), pages 589-599, June.
    2. Abdulkadir Abdulrashid Rafindadi & Ojonugwa Usman, 2021. "Toward sustainable electricity consumption in Brazil: the role of economic growth, globalization and ecological footprint using a nonlinear ARDL approach," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 64(5), pages 905-929, April.
    3. Lei Ming & Yao Shen & Shenggang Yang & Sangzhi Zhu & Hong Zhu, 2020. "Does Gold Serve as a Hedge for the Stock Market in China? Evidence from a Time-Frequency Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(3), pages 659-672, February.
    4. Giray Gözgör & Muhlis Can, 2017. "Causal Linkages among the Product Diversification of Exports, Economic Globalization and Economic Growth," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 888-908, August.
    5. Nguyen Minh Ha & Bui Hoang Ngoc, 2021. "Revisiting the relationship between energy consumption and economic growth nexus in Vietnam: new evidence by asymmetric ARDL cointegration," Applied Economics Letters, Taylor & Francis Journals, vol. 28(12), pages 978-984, July.
    6. Zivot, Eric & Andrews, Donald W K, 2002. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 25-44, January.
    7. N. R. Bhanumurthy & Lokendra Kumawat, 2020. "Financial Globalization and Economic Growth in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 31-57, March.
    8. Xiaodong Xu & Hafiz Syed Mohsin Abbas & Chunxia Sun & Samreen Gillani & Atta Ullah & Muhammad Ahsan Ali Raza, 2021. "Impact of globalization and governance determinants on economic growth: An empirical analysis of Asian economies," Growth and Change, Wiley Blackwell, vol. 52(2), pages 1137-1154, June.
    9. Muhammad Shahbaz & Mantu Kumar Mahalik & Syed Jawad Hussain Shahzad & Shawkat Hammoudeh, 2019. "Testing the globalization-driven carbon emissions hypothesis: International evidence," International Economics, CEPII research center, issue 158, pages 25-38.
    10. Muhammad Bilal Khan & Hummera Saleem & Malik Shahzad Shabbir & Xie Huobao, 2022. "The effects of globalization, energy consumption and economic growth on carbon dioxide emissions in South Asian countries," Energy & Environment, , vol. 33(1), pages 107-134, February.
    11. Qureshi, Saba & Aftab, Muhammad & Bouri, Elie & Saeed, Tareq, 2020. "Dynamic interdependence of cryptocurrency markets: An analysis across time and frequency," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 559(C).
    12. Olaolu Richard Olayeni, 2016. "Causality in Continuous Wavelet Transform Without Spectral Matrix Factorization: Theory and Application," Computational Economics, Springer;Society for Computational Economics, vol. 47(3), pages 321-340, March.
    13. Pam Zahonogo, 2018. "Globalization and Economic Growth in Developing Countries: Evidence from Sub-Saharan Africa," The International Trade Journal, Taylor & Francis Journals, vol. 32(2), pages 189-208, March.
    14. Ali Fagheh Majidi, 2017. "Globalization and Economic Growth: The Case Study of Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(6), pages 589-599.
    15. Salari, Mahmoud & Javid, Roxana J. & Noghanibehambari, Hamid, 2021. "The nexus between CO2 emissions, energy consumption, and economic growth in the U.S," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 182-194.
    16. Jiekuan Zhang & Yan Zhang, 2021. "Tourism, economic growth, energy consumption, and CO2 emissions in China," Tourism Economics, , vol. 27(5), pages 1060-1080, August.
    17. Hira Arain & Liyan Han & Arshian Sharif & Muhammad Saeed Meo, 2020. "Investigating the effect of inbound tourism on FDI: The importance of quantile estimations," Tourism Economics, , vol. 26(4), pages 682-703, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sharif, Arshian & Iqbal Godil, Danish & Xu, Bingjie & Sinha, Avik & Abdul Rehman Khan, Syed & Jermsittiparsert, Kittisak, 2020. "Revisiting the Role of Tourism and Globalization in Environmental Degradation in China: Fresh Insights from the Quantile ARDL Approach," MPRA Paper 101156, University Library of Munich, Germany, revised 2020.
    2. Zameer, Hashim & Shahbaz, Muhammad & Vo, Xuan Vinh, 2020. "Reinforcing poverty alleviation efficiency through technological innovation, globalization, and financial development," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    3. Bandana Gurung & Hou Junjun & Raksha Gurung Shrestha & Wahib Ali Musleh Elayah, 2024. "Exploring the Impact of Foreign Loans, and Foreign Aid on Economic Performance: Evidence from Nepal," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 907-914.
    4. Yuanzhi Liu & Akintoye Victor Adejumo & Oluwabunmi Opeyemi Adejumo & Timothy Ayomitunde Aderemi, 2022. "Globalization and Economic Growth: A Sustainability Analysis for South Asian Countries," Global Policy, London School of Economics and Political Science, vol. 13(4), pages 507-522, September.
    5. Bataka, Hodabalo, 2021. "Globalization and Environmental Pollution in Sub-Saharan Africa," African Journal of Economic Review, African Journal of Economic Review, vol. 9(01), January.
    6. Abdulkadir Abdulrashid Rafindadi & Isah Buhari Aliyu & Ojonugwa Usman, 2022. "Revisiting the electricity consumption-led growth hypothesis: is the rule defied in France?," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-23, December.
    7. Musarat Abbas & Ling Yang & Michael L. Lahr, 2024. "Globalization’s effects on South Asia’s carbon emissions, 1996–2019: a multidimensional panel data perspective via FGLS," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-19, December.
    8. Renato Santiago & José Alberto Fuinhas & António Cardoso Marques, 2020. "The impact of globalization and economic freedom on economic growth: the case of the Latin America and Caribbean countries," Economic Change and Restructuring, Springer, vol. 53(1), pages 61-85, February.
    9. Ender Demir & Mehmet Huseyin Bilgin & Gokhan Karabulut & Asli Cansin Doker, 2020. "The relationship between cryptocurrencies and COVID-19 pandemic," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 349-360, September.
    10. Matheus Koengkan & José Alberto Fuinhas & Renato Santiago, 2020. "Asymmetric impacts of globalisation on CO2 emissions of countries in Latin America and the Caribbean," Environment Systems and Decisions, Springer, vol. 40(1), pages 135-147, March.
    11. Christian Agu, 2024. "Moderating Effect Of State Fragility On The Globalisation: Economic Growth Nexus In Sub-Saharan Africa," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 16(2 (July)), pages 239-264.
    12. Eldowma, Ibrahim Ahmed & Zhang, Guoxing & Su, Bin, 2023. "The nexus between electricity consumption, carbon dioxide emissions, and economic growth in Sudan (1971–2019)," Energy Policy, Elsevier, vol. 176(C).
    13. Md. Sabbir Hossain & Md. Golam Kibria & Md. Shafiqul Islam, 2018. "Does Globalization Affect the Economic Growth of Bangladesh? - An Econometric Analysis," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(12), pages 1384-1393, December.
    14. Jacob Otim & Susan Watundu & John Mutenyo & Vincent Bagire, 2023. "Fossil Fuel Energy Consumption, Economic Growth, Urbanization, and Carbon Dioxide Emissions in Kenya," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 457-468, May.
    15. Jose Alberto Fuinhas & Antonio Cardoso Marques & Catia Lopes, 2019. "The Impact of Financial Development and Globalisation on Economic Growth: Evidence from a Macro Panel of Ten Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(3), pages 366-388, March.
    16. Patrícia Hipólito Leal & António Cardoso Marques & Muhammad Shahbaz, 2021. "The role of globalisation, de jure and de facto, on environmental performance: evidence from developing and developed countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(5), pages 7412-7431, May.
    17. Aluwani Tagwi, 2022. "The Impacts of Climate Change, Carbon Dioxide Emissions (CO 2 ) and Renewable Energy Consumption on Agricultural Economic Growth in South Africa: ARDL Approach," Sustainability, MDPI, vol. 14(24), pages 1-25, December.
    18. Salma Karim & Md. Qamruzzaman & Ishrat Jahan, 2023. "Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 443-456, May.
    19. Hamza CESTEPE & Havanur Ergun Tatar & Serdar Erdogan, 2023. "The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-2), pages 717-743, December.
    20. Juan David Alonso-Sanabria & Luis Fernando Melo-Velandia & Daniel Parra-Amado, 2023. "Unveiling the critical role of forest areas amidst climate change: The Latin American case," Borradores de Economia 1254, Banco de la Republica de Colombia.

    More about this item

    Keywords

    globalization; economic growth; CO2 emissions; wavelet analysis;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    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:sae:engenv:v:34:y:2023:i:7:p:2386-2412. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: .

    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.