Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/321610 
Year of Publication: 
2024
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 12 [Issue:] 1 [Article No.:] 2407237 [Year:] 2024 [Pages:] 1-14
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
To accomplish the goal of net emissions to 'zero' by 2050 while maintaining growth in Vietnam, interrelationship among technological innovation (TI), growth and emissions need to be considered. The goal of this research is to evaluate the bidirectional causality linkages among TI, growth and CO2 emissions (CO2E) in Vietnam over the period of 1990-2021 by using the simultaneous equation model with the three-stage least squares models. Empirical results show the existence of bidirectional causality among growth, CO2 emissions and TI. Specifically, growth positively influence on carbon emissions, and CO2 emissions affect on growth positively. Furthermore, innovation positively influences on growth, while growth positively impact on innovation. There is a negative link among innovation and carbon emissions. Implying that innovation negatively effect on CO2 emissions and carbon emissions has a negative influence on innovation. Findings indicate that growth contributes to environmental pollution in Vietnam, and technology innovation is an important factor for promoting economic growth and protecting the environment. Therefore, policymakers should encourage technology innovation for the advancement of clean energy, and apply advanced techniques in production to save fuel, contribute to protect the environment by reducing emissions. The results of this research have considerable policy implications for Vietnam with respect to innovations, growth, and environmental quality.
Subjects: 
3SLS
CO2 emissions
Economic growth
SEM
technology innovation
Vietnam
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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