Abstract
This study will demonstrate, through an econometric approach, the relationship among per capita GDP, CO2 emissions, and energy use in Vietnam. Using annual data for years 1970-2014, stationarity, structural breaks, Toda-Yamamoto test, Johansen and Juselius approach, and Variance decomposition have been conducted. The causality results in our analysis highlight that the presence of unidirectional causality was running from economic growth to energy consumption. This result will be significant since it supports the conservation hypothesis for the economy of Vietnam. Finally, the results of the variance decompositions reject the hypothesis that energy is neutral for growth, but that there is a relationship link even if the effects last for a short time. Keywords: economic growth; CO2 emissions; energy use; Vietnam; time series JEL Classifications : B22; C32; N55; Q43 DOI: https://doi.org/10.32479/ijeep.8248
Highlights
This work aims to estimate the relationship between CO2 emissions, economic growth, and energy use in Vietnam in the period from 1970 to 2014
The results of this study found that CO2 emissions increased with China’s rapid economic growth
The results show how CO2 emissions are correlated with economic growth, especially of families
Summary
This work aims to estimate the relationship between CO2 emissions, economic growth, and energy use in Vietnam in the period from 1970 to 2014. Vietnam is rich in energy resources such as crude oil, coal, natural gas, and hydroelectric power. They assisted Vietnam’s economic growth as the country did not need to import these energy assets. The Vietnam Electricity Power Group (EVN) controls the electricity market by supplying two-thirds of total electricity production. Vietnam’s energy sector is dominated by state-owned companies, which set the price of energy sales for the domestic market. It is less than the cost of around 15%. Below, we will try to verify whether the ECK theory in Vietnam is confirmed or not
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