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The Effects of Digitalization, Energy Intensity, and the Demographic Dividend on Viet Nam’s Economic Sustainability Goals

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  • NGO THAI HUNG

    (Faculty of Economics and Law, University of Finance-Marketing, Ho Chi Minh City, Viet Nam)

Abstract

This research examines how the digital economy, energy efficiency, and demographic transition might help Viet Nam achieve more sustainable economic development. The causal association between digitalization, the demographic dividend, energy intensity, and long-term economic development has not been thoroughly investigated yet. Therefore, this paper aims to examine the asymmetric relationship between these indicators in Viet Nam, which is recognized as an emerging economy, using the relatively novel quantile-on-quantile regression and Granger causality approaches in different quantiles. The empirical findings suggest that the asymmetric interaction between digital innovation, energy intensity, demographic change, and economic growth in Viet Nam is primarily positive, even though there are slight differences across various quantiles of the selected indicators. In addition, the outcomes of Granger causality in quantile analysis uncover that, during the sample period, a bidirectional association exists between digitalization, the demographic dividend, and economic growth, while a unidirectional causality runs from energy intensity to economic growth.

Suggested Citation

  • Ngo Thai Hung, 2023. "The Effects of Digitalization, Energy Intensity, and the Demographic Dividend on Viet Nam’s Economic Sustainability Goals," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 40(02), pages 399-425, September.
    • Handle: RePEc:wsi:adrxxx:v:40:y:2023:i:02:n:s0116110523500129
    DOI: 10.1142/S0116110523500129
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    Cited by:

    1. Henryk Dzwigol & Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2024. "Digitalization and Energy in Attaining Sustainable Development: Impact on Energy Consumption, Energy Structure, and Energy Intensity," Energies, MDPI, vol. 17(5), pages 1-17, March.

    More about this item

    Keywords

    demographic dividend; digitalization; energy intensity; gross domestic product; quantile regression; Viet Nam;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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