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Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam
Version 1
: Received: 7 April 2023 / Approved: 7 April 2023 / Online: 7 April 2023 (09:01:00 CEST)
How to cite:
Hoa, P. X.; Xuan, V. N.; Thu, N. T. P.; Nguyen, B. N. Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam. Preprints2023, 2023040120. https://doi.org/10.20944/preprints202304.0120.v1
Hoa, P. X.; Xuan, V. N.; Thu, N. T. P.; Nguyen, B. N. Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam. Preprints 2023, 2023040120. https://doi.org/10.20944/preprints202304.0120.v1
Hoa, P. X.; Xuan, V. N.; Thu, N. T. P.; Nguyen, B. N. Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam. Preprints2023, 2023040120. https://doi.org/10.20944/preprints202304.0120.v1
APA Style
Hoa, P. X., Xuan, V. N., Thu, N. T. P., & Nguyen, B. N. (2023). Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam. Preprints. https://doi.org/10.20944/preprints202304.0120.v1
Chicago/Turabian Style
Hoa, P. X., Nguyen Thi Phuong Thu and Bich Ngoc Nguyen. 2023 "Nexus of Innovation, Renewable Consumption, FDI inflows, Economic Growth and CO2 Emission in The Technology Revolution 4.0 for Sustainability Economy—The Case of Vietnam" Preprints. https://doi.org/10.20944/preprints202304.0120.v1
Abstract
Changing climate conditions and rapidly increasing carbon dioxide emissions have severely affected the global ecosystem and world economy. Governments around the world have paid attention to these resulting challenges and enacted many policies to reduce environmental pollution and carbon dioxide (CO2) emissions. This study aimed to determine and understand the relationship between innovation, foreign direct investment, economic growth, renewable consumption and CO2 emission in Vietnam. Information was collected annually based on the annual data of the General Statistics Office of Vietnam and World Bank from 2000 to 2022. Data processing was conducted using the STATA 17.0 software. The innovation affects Vietnam’s environmental pollution. Innovation positively affect environmental pollution in Vietnam; if Vietnam’s innovation were to increase by 1%, CO2 emissions would increase by 0.68%. The empirical research results of this study also show that renewable energy consumption has a negative effect on environmental pollution in Vietnam; if renewable energy were consumed at a 1% increase, CO2 emission would decrease by 0.51%. In addition, FDI inflows and economic growth have strongly positive affecting to environmental pollution; if Vietnam’s FDI inflows were to increase 1%, CO2 emissions would increase 1.39%; if Vietnam’s GDP increase 1% then CO2 emission would increase 1.26%. This paper also provides some recommendations that can assist Vietnam in developing a green and sustainable economy in the technology revolution 4.0 to achieve the United Nations Sustainable Development Goals (SDGs) over a long-term period.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
