THE IMPACT OF RENEWABLE ENERGY ON SUSTAINABLE ECONOMIC GROWTH IN VIETNAM

This research is aimed to evaluate the impact of renewable energy on sustainable economic growth (SEG) by developing the role of mediating variable such as sustaining energy supply (SES). We use qualitative and quantitative technique such as Covariance - Based Structural Equation Model (CB-SEM) to a...

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Bibliographic Details
Published in:International journal of energy economics and policy 2020, Vol.10 (6), p.359-369
Main Authors: Tiep, Le Thanh, Huan, Ngo Quang, Hong, Tran Thi Thuy
Format: Article
Language:English
Subjects:
Alternative energy sources
Economic growth
Renewable resources
Solar energy
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Summary:This research is aimed to evaluate the impact of renewable energy on sustainable economic growth (SEG) by developing the role of mediating variable such as sustaining energy supply (SES). We use qualitative and quantitative technique such as Covariance - Based Structural Equation Model (CB-SEM) to analyze the data of collection from experts, economists, executives in Vietnam in 2020. The study has proved the five components of renewable energy such as solar energy (SEN), hydro energy (HEN), wind energy (WEN), bio energy (BEN) and geothermal energy (GEN) impact to the SES. Besides, the findings suggest a positively significant impact of sustaining energy supply (SES) on sustainable economic growth (SEG). This study contributed empirical work in the literature of renewable energy, sustaining energy supply (SES) and sustainable economic growth (SEG). The outcomes of this study can be used by policy makers, economists, top management in the governmental office and even the corporate. A mediating role of SES as a value-added contribution to this study and can be consolidated and strengthened more in coming research. Key words: Solar Energy, Bio Energy, Renewable Energy, Sustainable Economic Growth. JEL Classifications: Q21, Q25, Q43 DOI: https://doi.org/10.32479/ijeep.10345
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.10345