Energy consumption and economic growth in Vietnam

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dc.authoridTang, Chor Foon -- 0000-0003-2242-9222; Ozturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorTang, Chor Foon
dc.contributor.authorTan, Bee Wah
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:56Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:56Z
dc.date.issued2016
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000367758200114en_US
dc.description.abstractThis study attempts to analyse the relationship between energy consumption and economic growth in Vietnam using the neoclassical Solow growth framework for the 1971-2011 period. The concept and methods of cointegration and Granger causality are used to establish the relationship between the variables of interest. Our results confirm the existence of cointegration among the variables. In particular, energy consumption, FDI and capital stock were found positively influence economic growth in Vietnam. The Granger causality test revealed unidirectional causality running from energy consumption to economic growth. Hence, Vietnam is an energy-dependent economy and any energy or environment policy drawn up in an attempt to conserve energy will jeopardise the process of economic development in Vietnam. For this reason, the renewable energy policy should be given attention to provide sufficient supplies of energy to speed up economic expansion. Investment in R&D may be required to incentivise private/public institutions to engage in this innovation, while the awareness for energy-saving policy among public could be integrated to meet social economic developmenten_US
dc.identifier.doi10.1016/j.rser.2015.10.083
dc.identifier.endpage1514en_US
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-84946867244
dc.identifier.scopusqualityQ1
dc.identifier.startpage1506en_US
dc.identifier.urihttps://doi.org/10.1016/j.rser.2015.10.083
dc.identifier.urihttps://hdl.handle.net/20.500.12507/544
dc.identifier.volume54en_US
dc.identifier.wosWOS:000367758200114
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPERGAMON-ELSEVIER SCIENCE LTDen_US
dc.relation.ispartofRenewable & Sustaınable Energy Revıews
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/closeAccessen_US
dc.subjectEnergy consumptionen_US
dc.subjectGrowthen_US
dc.subjectFDIen_US
dc.titleEnergy consumption and economic growth in Vietnam
dc.typeReview Article

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