The impact of economic development on carbon intensity of human well-being (CIWB): Evidence from lower middle-income countries

Authors

  • Dang Bac Hai
    University of Natural Resources and Environment, Ho Chi Minh City Ho Chi Minh City Open University, Ho Chi Minh City, Viet Nam
    https://orcid.org/0000-0002-2698-1770
  • Nguyen Thuan
    Ho Chi Minh City Open University, Ho Chi Minh City, Viet Nam
  • Tran Thi Diem Nga
    University of Natural Resources and Environment, Ho Chi Minh City, Viet Nam

DOI:

10.46223/HCMCOUJS.econ.en.13.1.2081.2023

Keywords:

carbon intensive of human well-being; Gross Domestic Product (GDP); lower middle-income countries

JEL Classification:

I31; I38; O10; O44

Abstract

The aim of sustainable development is to maintain and progress economic activities while protecting the environment in long run. Recent sustainability researches have focused on the relationship between stress placed on the environment by economic activity and human well-being, known as the Carbon Intensity of Well-Being (CIWB). To contribute to this endeavor, the authors employ two-way fixed effects which analyze the impact of economic and environmental variables on CIWB in 09 lower middle-income countries from 2000 to 2018. We find that economic development includes gross domestic product and annual foreign direct investment, which are significantly negative effects on CIWB. That means economic growth reduced human well-being in the overall sample in the study period. Nevertheless, this effect is unsteady which indicates these countries should wisely choose strategies for sustainable development. In addition, the effect of energy consumption on CIWB has a significant positive in this study.

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References

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Received: 24-10-2021
Accepted: 20-01-2022
Published: 18-10-2022

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How to Cite

Hai, D. B., Thuan, N., & Nga, T. T. D. (2022). The impact of economic development on carbon intensity of human well-being (CIWB): Evidence from lower middle-income countries. HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 13(1), 19–31. https://doi.org/10.46223/HCMCOUJS.econ.en.13.1.2081.2023

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Copyright (c) 2022 Dang Bac Hai; Nguyen Thuan; Tran Thi Diem Nga

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.