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The Impact of Renewable Energy on Sustainable Economic Growth in Vietnam

Author

Listed:
  • Le Thanh Tiep

    (University of Economics Ho Chi Minh City, Vietnam,)

  • Ngo Quang Huan

    (University of Economics Ho Chi Minh City, Vietnam,)

  • Tran Thi Thuy Hong

    (International School of Business, University of Economics Ho Chi Minh City, Vietnam)

Abstract

This research is aimed to evaluate the impact of renewable energy on sustainable economic growth (SEG) by developing the role of mediating variable such as sustaining energy supply (SES). We use qualitative and quantitative technique such as Covariance - Based Structural Equation Model (CB-SEM) to analyze the data of collection from experts, economists, executives in Vietnam in 2020. The study has proved the five components of renewable energy such as solar energy (SEN), hydro energy (HEN), wind energy (WEN), bio energy (BEN) and geothermal energy (GEN) impact to the SES. Besides, the findings suggest a positively significant impact of sustaining energy supply (SES) on sustainable economic growth (SEG). This study contributed empirical work in the literature of renewable energy, sustaining energy supply (SES) and sustainable economic growth (SEG). The outcomes of this study can be used by policy makers, economists, top management in the governmental office and even the corporate. A mediating role of SES as a value-added contribution to this study and can be consolidated and strengthened more in coming research.

Suggested Citation

  • Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2020. "The Impact of Renewable Energy on Sustainable Economic Growth in Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 359-369.
    • Handle: RePEc:eco:journ2:2020-06-47
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    More about this item

    Keywords

    Solar Energy; Bio Energy; Renewable Energy; Sustainable Economic Growth;
    All these keywords.

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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