The infuence of economic and non economic determinants on the sustainable energy consumption: evidence from Vietnam economy
Authors: Nguyen Van Song, Nguyen Dang Que, Nguyen Cong Tiep, Dinh van Tien, Thai Van Ha, Pham Thi Lan Phuong, Tran Ba Uan, Thai Thi Kim Oanh
Environmental Science and Pollution Research
: : 42282-42295
Publishing year: 1/2023
Maintaining ecological quality of energy use without compromising on economic growth has become the key research agenda
of existing literature. Emerging economies are particularly facing this dual problem where they need to look in to the factors
which impact sustainable energy consumption. The article, thus, aims to examine impact of economic and non-economic
determinants on sustainable energy consumption in Vietnamese context. Factors such as industrialization, population growth,
infation, and employment rate are being considered as economic indicators and eco-innovation and political instability are
being used as non-economic indicators. The study has taken secondary data from secondary sources such as Organization
for Economic Co-operation and Development (OECD), the global economy, and World Development Indicators (WDI)
from 1986 to 2020. The study has applied the Bayesian auto-regressive distributed lags (BARDL) model and the non-linear
autoregressive distributed lag (NARDL) technique to check the association among variables. The results revealed that
industrialization, population growth, infation, employment rate, and eco-innovation have a positive linkage with SEC in
Vietnam. The results also indicated that political instability has a negative association with SEC in Vietnam. In the light of
results, it is obvious that government fscal and monetary policies must be favorable to infation so that sustainable energy
can be introduced and started to consume. The study also conveys that the policymakers must take care of employment rate
growth, for it can encourage sustaining energy consumption
Industrialization · Population growth · Infation · Employment rate · Economic determinants · Non-economic determinants · Eco-innovation · Political instability · Sustainable energy consumption