Massoud Moslehpour, Anita Shalehah, Wing-Keung Wong, Taufiq Ismail, Purevdulam Altantsetseg, Munkhdelger Tsevegjav
High economic and tourism growth demand extensive energy production that needs the energy creation industry’s attention and demands the researchers’ and policymakers’ emphasis. Hence, the present study examines the impact of economic and tourism growth on renewable energy production (REP) in Vietnam. The present research has taken the gross domestic product (GDP), exports, human capital, and employment rate to measure the economic growth, while international tourism receipts and expenditures have been used to measure the tourism growth. The secondary data have been extracted from 1983 to 2020 using World Development Indicators (WDI) database. The Nonlinear Autoregressive Distributed Lagged (NARDL) model has been applied to investigate the linkage between the constructs. The findings indicated that GDP, exports, human capital, employment rate, international tourism receipts, and expenditures have a significant and positive relationship with REP in Vietnam. These results guide the regulators while making regulations related to the extensive energy production in return for high economic and tourism growth. © 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
Department of Business Administration, Asia University, 500, Lioufeng Rd., Wufeng, Taichung, 41354, Taiwan; Department of Management, California State University, San Bernardino, 5500 University Parkway, San Bernardino, 92407, CA, United States; Department of International Relation, Universitas Muhammadiyah Kalimantan Timur, Samarinda, Indonesia; Department of Finance, Fintech & Blockchain Research Center, and Big Data Research Center, Asia University, Taichung, 41354, Taiwan; Department of Medical Research, China Medical University Hospital, Taichung, Taiwan; Department of Economics and Finance, The Hang Seng University of Hong Kong, 500, Lioufeng Road, Wufeng, Taichung, 41354, Taiwan; Department of Management, Faculty of Economics and Business, Universitas Brawijaya-Indonesia, MT. Haryono 165 GU FEB Malang, East Java, Indonesia; Department of Business Administration, College of Management, Asia University – Taiwan, 500, Lioufeng Rd., Wufeng, Taichung, 41354, Taiwan; Business School, CITI University, Denver Street, 7th Khoroo, Sukhbaatar District, Ulaanbaatar, 14190, Mongolia; Law School, CITI University, Denver Street, 7th Khoroo, Sukhbaatar District, Ulaanbaatar, 14190, Mongolia