GREEN ECONOMY WITH ECONOMIC GROWTH AND PER CAPITA INCOME IN VIETNAM
DOI:
https://doi.org/10.26668/businessreview/2024.v9i4.4536Keywords:
Green Economy, Environmental Pollution, Economic Growth, Per Capita Income, VietnamAbstract
Objective: The objective of this study is to investigate the green economy with economic growth and per capita income in Vietnam, to analyze the quantitative relationship among those factors, and to improve long-term green economic development in Vietnam towards sustainable national economic growth.
Theoretical Framework: In this topic, the main concepts and theories that underpin the research are presented. The inverted U-shaped model of Kuznets; Green economy concept and regression model stand out, providing a solid basis for understanding the context of the investigation.
Method: The methodology adopted for this research comprises desk research methods to clarify the theoretical basis of green economy, economic growth, and per capita income; qualitative research methods; and quantitative research methods. Data collection was carried out through the collection of time-series data: Real Gross Domestic Product (GDP), Gross Domestic Product per capita (GDPP), and CO2 emissions from 1995 to 2022 from the World Bank website.
Results and Discussion: The results obtained revealed the positive relationship between economic growth, CO2 emissions, and per capita income in the short term; however, in the long term, when GDP as well as per capita income reach a certain threshold. The level of waste gradually decreases and environmental quality improves. In the discussion section, these results are contextualized in light of the theoretical framework, highlighting the implications and relationships identified. Possible discrepancies and limitations of the study are also considered in this section.
Research Implications: The practical and theoretical implications of this research are discussed, providing insights into how the results can be applied or influence practices in the field of development economics. These implications could encompass many sectors, especially the processing industry.
Originality/Value: This study contributes to the literature by Simon Kuznets - economic growth is not a threat, but rather a means to improve the environment in the future. The relevance and value of this research are evidenced by contributing one more case in Vietnam which approves Kuznets curve on the environment and thus is the basis for future research on this urgent problem all over the world.
Downloads
References
Akbostancı, E., Türüt-Aşık, S., & İpek Tunç, G. (2009, March). The relationship between income and environment in Turkey: Is there an environmental Kuznets curve? Energy Policy, 37(3), 861-867.
Ang, J. B. (2008, Mar/Apr). Economic development, pollutant emissions and energy consumption in Malaysia. Journal of Policy Modeling, 30(2), 271-278.
Anser, M. K., Usman, M., Godil, D. I. et al. (2021). Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth. Environ Sci Pollut Res, 28, 51105–51118. https://doi.org/10.1007/s11356-021-14243-4
Azomahou, T., Laisney, F., & Van, P. N. (2006, August). Economic development and CO2 emissions: A nonparametric panel approach. Journal of Public Economics, 90(6–7), 1347-1363.
Baltagi, B. H., Hidalgo, J., & Li, Q., (1996). A nonparametric test for poolability using panel data. Journal of Econometrics, 75, 345–367.
Bruyn, S. M de, Bergh, J.C.J.M van den, & Opschoor, J. B. (1998). Economic growth and emissions: reconsidering the empirical basis of environmental Kuznets curves. Ecological Economics, 25(2), May 1998, 161-175.
Countryeconomy.com (2023). Vietnam-CO2 emission. https://countryeconomy.com/energy-and-environment/co2-emissions/vietnam
Floyd, R., & Matthew, R. (2013). Environmental Security Approaches and Issues. ISBN 9780415539005 320 Pages 20 B/W Illustrations
Frone, D. F., & Simona, F. (2015). Resource-efficiency objectives and issues for a green economy, Scientific Papers Series Management. Economic Engineering in Agriculture and Rural Development, 15(3).
Galeotti, M., & Lanza, A (1999). Richer and cleaner? A study on carbon dioxide emissions in developing countries. Energy Policy, 27(10), 565-573.
Grossman, G., & Kreuger, A. (1993). Environmental Impacts of a North American Free Trade Agreement. The U.S. - Mexico Free Trade Agreement.
Hien, N. T. T., Thao, N. T. P., & Thuong, V. T. (2017). The relationship between the environment and economic growth in Asia-Pacific countries. VNU Science Magazine: Economics and Business, 33(3), 1-10
Holtz-Eakin, D., & Selden, T. M (1995). Stoking the fires? CO2 emissions and economic growth. Journal of Public Economics, 57, 85-101. https://www.nber.org/papers/w3914
Pao, H. T. & Tsai C. M (2010). CO2 Emissions, Energy Consumption and Economic Growth in BRIC Countries. Energy Policy, 38(12), 7850-60. Published December 12, 2012 by Routledge.
Phong, N. T. (2021). Green economic development in Vietnam in the period of 2021-2025. https://mof.gov.vn/webcenter/portal/vclvcstc/pages_r/l/chi-tiet-tin?dDocName=MOFUCM22
Roberts, J. T., & Grimes, P. E (1997). Carbon intensity and economic development 1962-1991: A brief exploration of the environmental Kuznets curve. World development, 25, 191-198.
Saboori, B., Sulaiman, J., & Mohd, S. (2012). Economic growth and CO2 emissions in Malaysia: A cointegration analysis of the Environmental Kuznets Curve. Energy Policy Volume 51, December 2012, Pages 184-191
Shafik, N. & Bandyopadhya, S. (1992). Economic Growth and Environmental Quality Time-Series and CrossCountry Evidence. Policy Research Working Paper, (904), The World Bank.
Thu, D. T. C. (2022). Green economic development: International experiences and lessons for Vietnam. https://tapchinganhang.gov.vn/phat-trien- Kinh-te-xanh- Kinh-nghiem-quoc-te-va-bai-hoc-doi-voi-viet-nam.htm
Uchiyama, K. (2016). Environmental Kuznets Curve Hypothesis and Carbon Dioxide Emissions (pp. 11-29). Springer Japan.
United Nations Development Program (2015). The 2030 Agenda for Sustainable Development.
WB (2012a). Inclusive green growth: The pathway to sustainable development.
WB (2012b). MDBs: Delivering on the promise of sustainable development.
Yen, L. B. (2023). What is green economy? How does the green economy impact Vietnam's economy and worker salaries? https://thuvienphapluat.vn/lao-dong-tien-luong/lanh-te-xanh-la-gi-lanh-te-xanh-tac-dong-lanh-te-viet-nam-va-muc-luong-what-do-you-do-10579.html
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Nguyen Thi Van Anh, Phan Minh Khang, Tran Minh Thy, Nguyen Ngoc Phuong Ngan
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html
