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The role of eco-innovation, eco-investing, and green bonds in achieving sustainable economic development: evidence from Vietnam

Author

Listed:
  • Nguyen Thi Minh Phuong
  • Nguyen Thi Xuan Huong
  • Nguyen Van Song
  • Vu Ngoc Huyen
  • Nguyen Thi Hai Yen
  • Truong Cong Giap
  • Hoang Vu Quang
  • Nguyen Van Huong

Abstract

The perpetual upsurge of global economic development and human actions has multiplied the intensity of carbon emissions that signifies the effectiveness eco-innovation, eco-investment and green bonds in order to curb carbon emissions. Thereby, the study attempts to examine the impact of eco-innovation, eco-investment, and green bonds on the achievement of sustainable economic development (S.E.D.) in Vietnamese economy. Secondary data was used and extracted from Organization for Economic Co-operation and Development (O.E.C.D.), central bank, and World Development Indicators (W.D.I.) from 1991 to 2020. Techniques such as dynamic Auto-regressive Distributed Lags (D.A.R.D.L.) model and Bayesian Auto-regressive Distributed Lags (B.A.R.D.L.) were employed to evaluate the relationship. Findings echo that that eco-innovation, eco-investment, green bonds, industrialisation, inflation, and employment rate share positive connection with the achievement of S.E.D. in Vietnam. The study guides the policy-making authorities that they should establish the policies related to S.E.D. by using eco-innovation and eco-investment.

Suggested Citation

  • Nguyen Thi Minh Phuong & Nguyen Thi Xuan Huong & Nguyen Van Song & Vu Ngoc Huyen & Nguyen Thi Hai Yen & Truong Cong Giap & Hoang Vu Quang & Nguyen Van Huong, 2023. "The role of eco-innovation, eco-investing, and green bonds in achieving sustainable economic development: evidence from Vietnam," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(2), pages 2169839-216, July.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:2:p:2169839
    DOI: 10.1080/1331677X.2023.2169839
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