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Remittance, Renewable Energy, and CO2 Emissions: a Vietnamese Illustration

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  • Ngo Thai Hung

    (University of Finance-Marketing)

Abstract

This study aims to identify the lead-lag interaction between remittances, renewable energy consumption, and carbon dioxide emissions in Vietnam in the time-frequency domain. Using different wavelet techniques, including bivariate, partial, multiple wavelet coherence, and the wavelet-based Granger test, our findings uncover that the interplay between remittances, renewable energy consumption, and CO2 emissions is statistically significant over the short- and medium-term horizons. These outcomes highlight the importance of policymakers effectively coordinating policies to address Vietnam’s significant environmental degradation. In addition, Vietnam should also actively promote renewable energy development and establish a more competitive environment for renewable energy investment.

Suggested Citation

  • Ngo Thai Hung, 2024. "Remittance, Renewable Energy, and CO2 Emissions: a Vietnamese Illustration," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2096-2120, March.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-023-01238-4
    DOI: 10.1007/s13132-023-01238-4
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    References listed on IDEAS

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