Evaluating The Effects of Education, Renewable Energy Adoption, Public Health Expenditure, Environmental Performance and Natural Resource Abundance on Sustainable Economic Growth
- Dung Thi My Tran , Nguyen Tat Thanh University, Vietnam.
- Thanh Dang Nguyen , Thu Dau Mot University, Binh Duong, Vietnam
- Cuc Thi Thu Nguyen , Vinh University, Vietnam
- Thuy Thi Bich Nguyen , College of Economics, Vinh University, Vietnam
- Tuan Van Nguyen , Foreign Trade and Technology College, Vietnam
Keywords:
Education, Sustainable Economic Growth, Renewable Energy Adoption, Public Health Expenditures, Abundance of Natural Resources, Environmental Performance.
Abstract
Given the increasing challenges presented by global warming and the deterioration of the environment, Vietnam is committed to fostering sustainable economic growth, aiming to create more opportunities for future generations. This study assesses the influence of education, adoption of clean energy sources, spending on healthcare, environmental performance, and quantity of natural resources on Vietnam's sustainable economic growth. Utilizing a quantitative secondary data approach, the study spans from 2000 onwards, drawing data from the World Bank's official database. Employing statistical techniques, specifically the QARL method, the analysis reveals a significant long-term association between environmental performance and economic growth, while other factors such as FDI, NRA, PHE, REA, URB show insignificance. The study provides theoretical and practical insights, contributing to the literature on Vietnam's sustainable economic growth and offering valuable guidelines for policymakers to prioritize education, renewable energy, public health, environmental performance, and natural resources for sustainable development. The research acknowledges its limitations in the concluding section.