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Quantile Effect of Economic Factors and Energy Consumption on Environmental Degradation in Vietnam

Author

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  • Hoang Thi Xuan

    (University of Economics and Law, Ho Chi Minh city, Vietnam2Vietnam National University, Ho Chi Minh City, Vietnam3No. 669, Highway 1, Quarter 3, Linh Xuan Ward, Thu Duc City, Ho Chi Minh City, Vietnam4Vietnam National University, Linh Trung Ward, Thu Duc City, Ho Chi Minh City 70000, Vietnam)

  • Nguyen Chi Hai

    (University of Economics and Law, Ho Chi Minh city, Vietnam2Vietnam National University, Ho Chi Minh City, Vietnam3No. 669, Highway 1, Quarter 3, Linh Xuan Ward, Thu Duc City, Ho Chi Minh City, Vietnam4Vietnam National University, Linh Trung Ward, Thu Duc City, Ho Chi Minh City 70000, Vietnam)

  • Ngo Thai Hung

    (University of Finance-Marketing, Vietnam6No. 778, Nguyen Kiem St., Phu Nhuan District, HCMC 700000, Vietnam)

Abstract

This study aims to highlight the asymmetric impact of economic growth (GDP), trade openness (TO), energy consumption (EC), foreign direct investment (FDI), and financial development (FD) on carbon dioxide (CO2) emissions in Vietnam over the period 1990–2022, using quantile-on-quantile regression and Granger causality in quantiles techniques. Our mainstream findings indicate that the selected macroeconomic indicators have a strong positive effect on CO2 emissions in this country, and this effect is more pronounced in the lowest and highest quantiles of the respective variables. In addition, the results of Granger causality suggest a bidirectional causal relationship between the examined indicators. These findings suggest that fostering economic growth, promoting trade openness, managing energy consumption, encouraging foreign direct investment, and enhancing financial development can contribute to a sustainable environment in Vietnam.

Suggested Citation

  • Hoang Thi Xuan & Nguyen Chi Hai & Ngo Thai Hung, 2024. "Quantile Effect of Economic Factors and Energy Consumption on Environmental Degradation in Vietnam," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 26(04), pages 1-41, December.
    • Handle: RePEc:wsi:jeapmx:v:26:y:2024:i:04:n:s1464333224400015
    DOI: 10.1142/S1464333224400015
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    Keywords

    FDI; financial development; trade openness; energy consumption; GDP; CO2 emissions; Vietnam;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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