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Tourism with Energy Production and Consumption in the Red River Delta, Vietnam

Author

Listed:
  • Duyen Dang Thi Thuy

    (Faculty of Economics, Banking Academy, Hanoi, Vietnam)

  • Huyen Giang Thi Thu

    (Management Information Systems, Banking Academy, Hanoi, Vietnam)

Abstract

Tourism development is always the leading development orientation in Vietnam and many countries. Has tourism developed sustainably and how can tourism develop sustainably? In the development process, tourism consumes more energy due to various tourism activities such as hotel accommodation and transportation. How does energy production affect tourism growth? This question is asked of any country and economic region. This study investigates the long-term cointegration relationship between tourism growth and primary energy consumption. This study aims to examine the factors affecting tourism growth in the Red River Delta, Vietnam such as the energy production, gasoline consumption, tourism labor, tourism investment capital and gross domestic product. The study uses a model with secondary data of 11 provinces from 2010-2020. The experimental results demonstrate that the independent variables explain 51% of the variation of the dependent variable and the rest (49%) can be explained by other causes. Research results show that 2 factors, labor (L), investment capital (IN), have a positive impact on tourism growth. Energy production (EN) has a negative impact on tourism growth in the Red River Delta. From there, the author will propose possible solutions that can ensure labor, investment capital and rational use of energy for tourism development.

Suggested Citation

  • Duyen Dang Thi Thuy & Huyen Giang Thi Thu, 2023. "Tourism with Energy Production and Consumption in the Red River Delta, Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 501-509, January.
    • Handle: RePEc:eco:journ2:2023-01-53
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    More about this item

    Keywords

    tourism development; energy consumption; investment capital; sustainable development.;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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