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Impact of Globalization on Coal Consumption in Vietnam: An Empirical Analysis KCI 등재 SCOPUS
The study investigates the impact of globalization on coal consumption in Vietnam. This study employs an autoregressed distributed lag approach on time series data for the period of 1990 to 2017. The study tests the stationary, cointegration of time series data and utilizes autoregressed distributed lag modeling technique to determine the short-run and long-run relationship among coal consumption, globalization, income, population, and CO2 emissions. The results show that globalization increases coal consumption in Vietnam in the long run. The results also show that rapid economic growth promotes more coal consumption in the short run as well as in the long run. Moreover, higher population reduces coal consumption, and CO2 emissions decrease coal consumption both in the short run and the long run. The findings of the study suggest that globalization increases coal consumption in Vietnam in the long run. This result suggests that the increase in globalization level in Vietnam increases coal consumption. An interesting finding is that higher population reduces coal consumption, and population is an important factor towards the lessening in coal consumption. The findings confirm that environmental pollution decreases coal consumption in the short run and the long run. This implies that coal consumption may be green consumption in Vietnam.
1. Introduction
2. Literature Review
2.1. International Trade and Energy Consumption
2.2. Foreign Direct Investment and EnergyConsumption
3. Research Methods
3.1. Model Specification
3.2. Data
4. Empirical Results and Discussion
4.1. Unit Root Test Results
4.2. Bound Test Results for Cointegration
4.3. Autoregressive Distributed Lag ModelEstimates
4.4. Estimated Long-Run Coefficients
4.5. Estimated Short-Run Coefficients of ErrorCorrection Model
5. Conclusions
References
