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The impact of energy consumption, foreign direct investment, and education on human well-being: Evidence from the Vietnamese economy

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  • Hai Bac Dang

    (University of Natural Resources and Environment, Ho Chi Minh City, Vietnam)

Abstract

This paper examines the impact of energy consumption, Foreign Direct Investment (FDI), and education on human well-being in Vietnam. To realize the aim of this research, a human well-being model was established using the Autoregressive Distributed Lag (ARDL) method to evaluate and study focused on the period 1990 - 2020. The results reveal evidence of the long-run positive relationships between human well-being, foreign direct investment, education, and urbanization. In addition, urbanization increases human well-being in the short run. Conversely, foreign direct investment and education reduce human well-being in the short run. Although energy consumption is expected to impact human well-being, the study found no evidence to suggest that energy consumption significantly impacts human well-being in the short and long run. Besides, the results of this study may be of great importance for policymakers and decision-makers in developing policies that attract foreign direct investment capital, education, and urbanization and contribute to the improvement of human well-being in Vietnam.

Suggested Citation

  • Hai Bac Dang, 2025. "The impact of energy consumption, foreign direct investment, and education on human well-being: Evidence from the Vietnamese economy," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 15(5), pages 85-100.
    • Handle: RePEc:bjw:econen:v:15:y:2025:i:5:p:85-100
    DOI: 10.46223/HCMCOUJS.econ.en.15.5.3440.2025
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    Keywords

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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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