The impact of green innovation, renewable energy, industrialization and institutional quality on green growth in Vietnam

Abstract

This study aims to assess the impact of green innovation, renewable energy, industrialization and institutional quality on green growth in Vietnam during the period 1996-2022 using the ARDL model (Autoregressive Distributed Lag Model). The results show that green innovation, industrialization have negative impacts while renewable energy and institutional quality have positive impacts on green growth in the short term. In the long term, green innovation, renewable energy, industrialization and institutional quality have positive impacts on green growth in Vietnam. Based on the research findings, the paper proposes policy implications to promote green innovation, apply energy-saving technologies, increase the use of renewable energy sources, and improve institutional quality to foster green growth towards the goals of sustainable development for the Vietnamese economy.