Effects of economic growth, foreign direct investment, energy consumption, and urbanization on the ecological footprint in Vietnam
Ngày xuất bản:
25/11/2024
Ngày xuất bản Online:
25/11/2024
Chuyên mục:
Bài nghiên cứu
Nội dung chính của bài viết
Tóm tắt
This research examines the impacts of economic growth, foreign direct investment, energy consumption, and urbanization on the ecological footprint in Vietnam from 1992 to 2022. The Wavelet Coherence analysis method is employed to evaluate the correlation levels between variables across various periods and frequencies, providing insights into the mechanisms and extent to which these factors influence the environment amidst urbanization and economic development. The research results indicate a robust in-phase relationship among energy consumption, urbanization, and the ecological footprint. Meanwhile, the interaction between economic growth, foreign direct investment, and the ecological footprint is observed to be more intricate and fluctuates over time. Drawing from these insights, the authors recommend adopting targeted sustainable development policies, promoting clean energy usage, and implementing effective urban management strategies to mitigate the adverse environmental impacts of economic growth in Vietnam.
Abstract
This research examines the impacts of economic growth, foreign direct investment, energy consumption, and urbanization on the ecological footprint in Vietnam from 1992 to 2022. The Wavelet Coherence analysis method is employed to evaluate the correlation levels between variables across various periods and frequencies, providing insights into the mechanisms and extent to which these factors influence the environment amidst urbanization and economic development. The research results indicate a robust in-phase relationship among energy consumption, urbanization, and the ecological footprint. Meanwhile, the interaction between economic growth, foreign direct investment, and the ecological footprint is observed to be more intricate and fluctuates over time. Drawing from these insights, the authors recommend adopting targeted sustainable development policies, promoting clean energy usage, and implementing effective urban management strategies to mitigate the adverse environmental impacts of economic growth in Vietnam.
Từ khóa
Ecological footprint; FDI; GDP; Wavelet
Chi tiết bài viết
Tài liệu tham khảo
Acaroğlu, H., Kartal, H. M., & García Márquez, F. P. (2023). Testing the environmental Kuznets curve hypothesis in terms of ecological footprint and CO2 emissions through energy diversification for Turkey. Environmental Science and Pollution Research, 30, 63289-63304. https://doi.org/10.1007/s11356-023-26278-w
Alola, A. A., Bekun, F. V., & Sarkodie, S. A. (2019). Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. Science of the Total Environment, 685, 702-709. https://doi.org/10.1016/j.scitotenv.2019.05.139
Ashraf, A., Doytch, N., & Uctum, M. (2021). Foreign direct investment and the environment: Disentangling the impact of greenfield investment and merger and acquisition sales. Sustainability Accounting, Management and Policy Journal, 12(1), 51-73. https://doi.org/10.1108/SAMPJ-04-2019-0184
Aşıcı, A. A., & Acar, S. (2016). Does income growth relocate ecological footprint? Ecological Indicators, 61, 707-714. https://doi.org/10.1016/j.ecolind.2015.10.022
Awosusi, A. A., Adebayo, T. S., Kirikkaleli, D., & Altuntaş, M. (2022). Role of technological innovation and globalization in BRICS economies: policy towards environmental sustainability. International Journal of Sustainable Development & World Ecology, 29(7), 593-610.
Baloch, M. A., Zhang, J., Iqbal, K., & Iqbal, Z. (2019). The effect of financial development on ecological footprint in BRI countries: Evidence from panel data estimation. Environmental Science and Pollution Research International, 26(6), 6199-6208. https://doi.org/10.1007/s11356-018-3992-9
Baloch, Z. A., Tan, Q., Kamran, H. W., Nawaz, M. A., Albashar, G., & Hameed, J. (2022). A multi-perspective assessment approach of renewable energy production: policy perspective analysis. Environment, Development and Sustainability, 24, 2164–2192. https://doi.org/10.1007/s10668-021-01524-8
Bayar, Y., Diaconu, L., & Maxim, A. (2020). Financial development and CO2 emissions in post-transition European Union countries. Sustainability, 12(7). https://doi.org/10.3390/su12072640
Beckerman, W. (1992). Economic growth and the environment: Whose growth? Whose environment? World Development, 20(4), 481-496. https://doi.org/10.1016/0305-750X(92)90038-W
Bhattacharyya, S. C. (2011). Energy economics: Concepts, issues, markets and governance. London: Springer.
Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115-135. https://doi.org/10.1016/S0022-1996(97)00033-0
Bui, H. N., Canh, C. H., Bui, T. K., Nguyen, H. K., Nguyen, T. L. (2020). Tăng trưởng kinh tế, tiêu thụ điện, tỉ lệ đô thị hóa và dấu chân sinh thái: Thực nghiệm ở các nước ASEAN [The impact of economic growth, electricity consumption and urbanization on ecological footprint: Evidence from ASEAN countries]. Tạp chí nghiên cứu Kinh tế và Kinh doanh Châu Á, 31(8), 05-24. https://digital.lib.ueh.edu.vn/handle/UEH/62369
Bui, H. N., Phan, T. L. (2022). Linking foreign direct investment, economic growth, energy consumption and ecological footprint in Vietnam: Evidence from quantile on quantile approach. Science & Technology Development Journal: Economics-Law & Management, 6(4), 3855-3866. https://doi.org/10.32508/stdjelm.v6i4.995
Cole, M. A. (2006). Does foreign direct investment increase the environmental Kuznets curve? Environment and Development Economics, 9(4), 427-448. https://doi.org/10.1017/S1355770X04001592
Danish, Ulucak, R., & Khan, S. U. D. (2020). Determinants of the ecological footprint: role of renewable energy, natural resources, and urbanization. Sustainable Cities and Society, 54. https://doi.org/10.1016/j.scs.2019.101996
Dasgupta, S., Laplante, B., Wang, H., & Wheeler, D. (2002). Confronting the environmental Kuznets curve. Journal of economic perspectives, 16(1), 147-168. https://doi.org/10.1257/0895330027157
Destek, M. A., & Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth, trade openness, and ecological footprint: Evidence from Organisation for Economic Co-operation and Development countries. Journal of Cleaner Production, 242. https://doi.org/10.1016/j.jclepro.2019.118537
Dinda, S. (2004). Environmental Kuznets Curve hypothesis: A survey. Ecological Economics, 49(4), 431-455. https://doi.org/10.1016/j.ecolecon.2004.02.011
Doytch, N., & Uctum, M. (2016). Globalization and the environmental impact of sectoral FDI. Economic Systems, 40(4), 582-594.
Ehrlich, P. R., & Holdren, J. P. (1971). Impact of population growth. Science, 171, 1212-1217. https://doi.org/10.1126/science.171.3977.1212
Global Footprint Network. (2024). Global Footprint Network Report 2024. https://www.footprintnetwork.org
Grimm, N. B., Faeth, S. H., Golubiewski, N. E., Redman, C. L., Wu, J., Bai, X., & Briggs, J. M. (2008). Global change and the ecology of cities. Science, 319(5864), 756-760. https://doi.org/10.1126/science.1150195
Grossman, G. M., & Krueger, A. B. (1991). Environmental impacts of a North American free trade agreement. In National Bureau of Economic Research Working Paper. https://doi.org/10.3386/w3914
Hoang, T. X., & Ngo, T. H. (2023). Phân tích tác động của ICT, GDP và REN đến khí thải CO2 tại Việt Nam [The Effects of ICT, GDP, and Renewable Energy on CO2 Emissions in Vietnam]. Tạp chí Kinh tế và Kinh doanh, 3(3). https://doi.org/10.57110/jebvn.v3i3.186
Le, T. H. (2022). Connectedness between nonrenewable and renewable energy consumption, economic growth and CO2 emission in Vietnam: New evidence from a wavelet analysis. Renewable Energy, 195, 442-454. https://doi.org/10.1016/j.renene.2022.05.083
Le, T. T. H. (2024). Năng lượng tái tạo, dấu chân vật chất, tăng trưởng kinh tế và ô nhiễm môi trường tại các thị trường mới nổi Đông Nam Á [Renewable Energy, Material Footprint, Economic Growth, and Environmental Pollution in Southeast Asia's Emerging Market]. Tạp Chí Kinh Tế Và Phát triển, (321(2), 40–49. https://js.ktpt.edu.vn/index.php/jed/article/view/1677
Lin, X., Zhao, Y., Ahmad, M., Ahmed, Z., Rjoub, H., & Adebayo, T. S. (2021). Linking innovative human capital, economic growth, and CO2 emissions: an empirical study based on Chinese provincial panel data. International Journal of Environmental Research and Public Health, 18(16). https://doi.org/10.3390/ijerph18168503
Maraun, D., & Kurths, J. (2004). Cross wavelet analysis: significance testing and pitfalls. Nonlinear Processes in Geophysics, 11(4), 505-514. https://doi.org/10.5194/npg-11-505-2004
Nathaniel, S., & Khan, S. A. R. (2020). The nexus between urbanization, renewable energy, trade, and ecological footprint in ASEAN countries. Journal of Cleaner Production, 272. https://doi.org/10.1016/j.jclepro.2020.122709
Our World in Data. (2024). Global Data Report 2024. Retrieved from https://ourworldindata.org
Panayotou, T. (1997). Demystifying the environmental Kuznets curve: turning a black box into a policy tool. Environment and Development Economics, 2(4), 465-484. https://doi.org/10.1017/S1355770X97000259
Rees, W. (1992). Ecological footprints and appropriated carrying capacity: What urban economics leaves out. Environment and Urbanization, 4(2), 121-130. https://doi.org/10.1177/095624789200400212
Rees, W. E., & Wackernagel, M. (2005). Ecological footprints and appropriated carrying capacity: Measuring the natural capital requirements of the human economy. In M. Redclift (Ed.). Sustainability: Sustainability Indicators Volume 4 (pp. 151-181). Taylor & Francis.
Sarkodie, S. A., & Strezov, V. (2018). Empirical study of the environmental Kuznets curve and environmental sustainability curve hypothesis for Australia, China, Ghana and USA. Journal of Cleaner Production, 201, 98-110. https://doi.org/10.1016/j.jclepro.2018.08.039
Seto, K. C., Güneralp, B., & Hutyra, L. R. (2012). Global forecasts of urban expansion to 2030 and direct impacts on biodiversity and carbon pools. Proceedings of the National Academy of Sciences, 109(40), 16083-16088. https://doi.org/10.1073/pnas.1211658109
Solarin, S. A., & Al-Mulali, U. (2018). Influence of foreign direct investment on indicators of environmental degradation. Environmental Science and Pollution Research International, 25, 24845-24859. https://doi.org/10.1007/s11356-018-2562-5
Stern, D. I. (2004). The rise and fall of the Environmental Kuznets Curve. World Development, 32(8), 1419-1439. https://doi.org/10.1016/j.worlddev.2004.03.004
Torrence, C., & Compo, G. P. (1998). A practical guide to wavelet analysis. Bulletin of the American Meteorological Society, 79(1), 61-78. https://doi.org/10.1175/1520-0477(1998)079%3C0061:APGTWA%3E2.0.CO;2
Tran, T. T. P (2024). Tác động của phát triển tài chính đến dấu chân sinh thái: Bằng chứng thực nghiệm tại các quốc gia đang phát triển và mới nổi [The effect of financial development on ecological footprint: Empirical evidence from developing and emerging countries]. Tạp chí Kinh tế và Phát triển, (321 (2)), 50-59.
Ullah, A., Zhang, Q., Raza, S. A., & Ali, S. (2021). Renewable energy: is it a global challenge or opportunity? Focusing on different income level countries through Panel Smooth Transition Regression Model. Renewable Energy, 177, 689-699.
World Bank (2024). World Development Indicators 2024. Washington, DC: The World Bank. https://databank.worldbank.org/source/world-development-indicators
York, R., Rosa, E. A., & Dietz, T. (2003). Footprints on the earth: The environmental consequences of modernity. American Sociological Review, 68(2), 279-300. https://doi.org/10.2307/1519769
Zarsky, L. (1999). Havens, halos and spaghetti: Untangling the evidence about foreign direct investment and the environment. In Foreign direct investment and the environment OECD processing (pp. 47-74). OECD Publishing. https://www.oecd-ilibrary.org/docserver/9789264266315-en.pdf?expires=1730167858&id=id&accname=guest&checksum=284E69B1DE150907D1CC0F8F615ED581#page=49
Alola, A. A., Bekun, F. V., & Sarkodie, S. A. (2019). Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. Science of the Total Environment, 685, 702-709. https://doi.org/10.1016/j.scitotenv.2019.05.139
Ashraf, A., Doytch, N., & Uctum, M. (2021). Foreign direct investment and the environment: Disentangling the impact of greenfield investment and merger and acquisition sales. Sustainability Accounting, Management and Policy Journal, 12(1), 51-73. https://doi.org/10.1108/SAMPJ-04-2019-0184
Aşıcı, A. A., & Acar, S. (2016). Does income growth relocate ecological footprint? Ecological Indicators, 61, 707-714. https://doi.org/10.1016/j.ecolind.2015.10.022
Awosusi, A. A., Adebayo, T. S., Kirikkaleli, D., & Altuntaş, M. (2022). Role of technological innovation and globalization in BRICS economies: policy towards environmental sustainability. International Journal of Sustainable Development & World Ecology, 29(7), 593-610.
Baloch, M. A., Zhang, J., Iqbal, K., & Iqbal, Z. (2019). The effect of financial development on ecological footprint in BRI countries: Evidence from panel data estimation. Environmental Science and Pollution Research International, 26(6), 6199-6208. https://doi.org/10.1007/s11356-018-3992-9
Baloch, Z. A., Tan, Q., Kamran, H. W., Nawaz, M. A., Albashar, G., & Hameed, J. (2022). A multi-perspective assessment approach of renewable energy production: policy perspective analysis. Environment, Development and Sustainability, 24, 2164–2192. https://doi.org/10.1007/s10668-021-01524-8
Bayar, Y., Diaconu, L., & Maxim, A. (2020). Financial development and CO2 emissions in post-transition European Union countries. Sustainability, 12(7). https://doi.org/10.3390/su12072640
Beckerman, W. (1992). Economic growth and the environment: Whose growth? Whose environment? World Development, 20(4), 481-496. https://doi.org/10.1016/0305-750X(92)90038-W
Bhattacharyya, S. C. (2011). Energy economics: Concepts, issues, markets and governance. London: Springer.
Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115-135. https://doi.org/10.1016/S0022-1996(97)00033-0
Bui, H. N., Canh, C. H., Bui, T. K., Nguyen, H. K., Nguyen, T. L. (2020). Tăng trưởng kinh tế, tiêu thụ điện, tỉ lệ đô thị hóa và dấu chân sinh thái: Thực nghiệm ở các nước ASEAN [The impact of economic growth, electricity consumption and urbanization on ecological footprint: Evidence from ASEAN countries]. Tạp chí nghiên cứu Kinh tế và Kinh doanh Châu Á, 31(8), 05-24. https://digital.lib.ueh.edu.vn/handle/UEH/62369
Bui, H. N., Phan, T. L. (2022). Linking foreign direct investment, economic growth, energy consumption and ecological footprint in Vietnam: Evidence from quantile on quantile approach. Science & Technology Development Journal: Economics-Law & Management, 6(4), 3855-3866. https://doi.org/10.32508/stdjelm.v6i4.995
Cole, M. A. (2006). Does foreign direct investment increase the environmental Kuznets curve? Environment and Development Economics, 9(4), 427-448. https://doi.org/10.1017/S1355770X04001592
Danish, Ulucak, R., & Khan, S. U. D. (2020). Determinants of the ecological footprint: role of renewable energy, natural resources, and urbanization. Sustainable Cities and Society, 54. https://doi.org/10.1016/j.scs.2019.101996
Dasgupta, S., Laplante, B., Wang, H., & Wheeler, D. (2002). Confronting the environmental Kuznets curve. Journal of economic perspectives, 16(1), 147-168. https://doi.org/10.1257/0895330027157
Destek, M. A., & Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth, trade openness, and ecological footprint: Evidence from Organisation for Economic Co-operation and Development countries. Journal of Cleaner Production, 242. https://doi.org/10.1016/j.jclepro.2019.118537
Dinda, S. (2004). Environmental Kuznets Curve hypothesis: A survey. Ecological Economics, 49(4), 431-455. https://doi.org/10.1016/j.ecolecon.2004.02.011
Doytch, N., & Uctum, M. (2016). Globalization and the environmental impact of sectoral FDI. Economic Systems, 40(4), 582-594.
Ehrlich, P. R., & Holdren, J. P. (1971). Impact of population growth. Science, 171, 1212-1217. https://doi.org/10.1126/science.171.3977.1212
Global Footprint Network. (2024). Global Footprint Network Report 2024. https://www.footprintnetwork.org
Grimm, N. B., Faeth, S. H., Golubiewski, N. E., Redman, C. L., Wu, J., Bai, X., & Briggs, J. M. (2008). Global change and the ecology of cities. Science, 319(5864), 756-760. https://doi.org/10.1126/science.1150195
Grossman, G. M., & Krueger, A. B. (1991). Environmental impacts of a North American free trade agreement. In National Bureau of Economic Research Working Paper. https://doi.org/10.3386/w3914
Hoang, T. X., & Ngo, T. H. (2023). Phân tích tác động của ICT, GDP và REN đến khí thải CO2 tại Việt Nam [The Effects of ICT, GDP, and Renewable Energy on CO2 Emissions in Vietnam]. Tạp chí Kinh tế và Kinh doanh, 3(3). https://doi.org/10.57110/jebvn.v3i3.186
Le, T. H. (2022). Connectedness between nonrenewable and renewable energy consumption, economic growth and CO2 emission in Vietnam: New evidence from a wavelet analysis. Renewable Energy, 195, 442-454. https://doi.org/10.1016/j.renene.2022.05.083
Le, T. T. H. (2024). Năng lượng tái tạo, dấu chân vật chất, tăng trưởng kinh tế và ô nhiễm môi trường tại các thị trường mới nổi Đông Nam Á [Renewable Energy, Material Footprint, Economic Growth, and Environmental Pollution in Southeast Asia's Emerging Market]. Tạp Chí Kinh Tế Và Phát triển, (321(2), 40–49. https://js.ktpt.edu.vn/index.php/jed/article/view/1677
Lin, X., Zhao, Y., Ahmad, M., Ahmed, Z., Rjoub, H., & Adebayo, T. S. (2021). Linking innovative human capital, economic growth, and CO2 emissions: an empirical study based on Chinese provincial panel data. International Journal of Environmental Research and Public Health, 18(16). https://doi.org/10.3390/ijerph18168503
Maraun, D., & Kurths, J. (2004). Cross wavelet analysis: significance testing and pitfalls. Nonlinear Processes in Geophysics, 11(4), 505-514. https://doi.org/10.5194/npg-11-505-2004
Nathaniel, S., & Khan, S. A. R. (2020). The nexus between urbanization, renewable energy, trade, and ecological footprint in ASEAN countries. Journal of Cleaner Production, 272. https://doi.org/10.1016/j.jclepro.2020.122709
Our World in Data. (2024). Global Data Report 2024. Retrieved from https://ourworldindata.org
Panayotou, T. (1997). Demystifying the environmental Kuznets curve: turning a black box into a policy tool. Environment and Development Economics, 2(4), 465-484. https://doi.org/10.1017/S1355770X97000259
Rees, W. (1992). Ecological footprints and appropriated carrying capacity: What urban economics leaves out. Environment and Urbanization, 4(2), 121-130. https://doi.org/10.1177/095624789200400212
Rees, W. E., & Wackernagel, M. (2005). Ecological footprints and appropriated carrying capacity: Measuring the natural capital requirements of the human economy. In M. Redclift (Ed.). Sustainability: Sustainability Indicators Volume 4 (pp. 151-181). Taylor & Francis.
Sarkodie, S. A., & Strezov, V. (2018). Empirical study of the environmental Kuznets curve and environmental sustainability curve hypothesis for Australia, China, Ghana and USA. Journal of Cleaner Production, 201, 98-110. https://doi.org/10.1016/j.jclepro.2018.08.039
Seto, K. C., Güneralp, B., & Hutyra, L. R. (2012). Global forecasts of urban expansion to 2030 and direct impacts on biodiversity and carbon pools. Proceedings of the National Academy of Sciences, 109(40), 16083-16088. https://doi.org/10.1073/pnas.1211658109
Solarin, S. A., & Al-Mulali, U. (2018). Influence of foreign direct investment on indicators of environmental degradation. Environmental Science and Pollution Research International, 25, 24845-24859. https://doi.org/10.1007/s11356-018-2562-5
Stern, D. I. (2004). The rise and fall of the Environmental Kuznets Curve. World Development, 32(8), 1419-1439. https://doi.org/10.1016/j.worlddev.2004.03.004
Torrence, C., & Compo, G. P. (1998). A practical guide to wavelet analysis. Bulletin of the American Meteorological Society, 79(1), 61-78. https://doi.org/10.1175/1520-0477(1998)079%3C0061:APGTWA%3E2.0.CO;2
Tran, T. T. P (2024). Tác động của phát triển tài chính đến dấu chân sinh thái: Bằng chứng thực nghiệm tại các quốc gia đang phát triển và mới nổi [The effect of financial development on ecological footprint: Empirical evidence from developing and emerging countries]. Tạp chí Kinh tế và Phát triển, (321 (2)), 50-59.
Ullah, A., Zhang, Q., Raza, S. A., & Ali, S. (2021). Renewable energy: is it a global challenge or opportunity? Focusing on different income level countries through Panel Smooth Transition Regression Model. Renewable Energy, 177, 689-699.
World Bank (2024). World Development Indicators 2024. Washington, DC: The World Bank. https://databank.worldbank.org/source/world-development-indicators
York, R., Rosa, E. A., & Dietz, T. (2003). Footprints on the earth: The environmental consequences of modernity. American Sociological Review, 68(2), 279-300. https://doi.org/10.2307/1519769
Zarsky, L. (1999). Havens, halos and spaghetti: Untangling the evidence about foreign direct investment and the environment. In Foreign direct investment and the environment OECD processing (pp. 47-74). OECD Publishing. https://www.oecd-ilibrary.org/docserver/9789264266315-en.pdf?expires=1730167858&id=id&accname=guest&checksum=284E69B1DE150907D1CC0F8F615ED581#page=49
Trích dẫn bài báo
Thao, B. T. T., & Huy, C. T. (2024). Effects of economic growth, foreign direct investment, energy consumption, and urbanization on the ecological footprint in Vietnam. Tạp chí Nghiên cứu Tài chính-Marketing, 15(8), 15-31. https://doi.org/10.52932/jfm.v15i8.602
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