Taylor and Francis Group and Juraj Dobrila University of Pula, Faculty of economics and tourism Dr. Mijo Mirković
Doi
Abstract
The perpetual upsurge of global economic development and human
actions has multiplied the intensity of carbon emissions that signifies
the effectiveness eco-innovation, eco-investment and green bonds in
order to curb carbon emissions. Thereby, the study attempts to examine
the impact of eco-innovation, eco-investment, and green bonds
on the achievement of sustainable economic development (S.E.D.) in
Vietnamese economy. Secondary data was used and extracted from
Organization for Economic Co-operation and Development (O.E.C.D.),
central bank, and World Development Indicators (W.D.I.) from 1991 to
2020. Techniques such as dynamic Auto-regressive Distributed Lags
(D.A.R.D.L.) model and Bayesian Auto-regressive Distributed Lags
(B.A.R.D.L.) were employed to evaluate the relationship. Findings echo
that that eco-innovation, eco-investment, green bonds, industrialisation,
inflation, and employment rate share positive connection with
the achievement of S.E.D. in Vietnam. The study guides the policymaking
authorities that they should establish the policies related to
S.E.D. by using eco-innovation and eco-investment
