Assessing the Drivers of Sustainable Development in Vietnam
A Bayesian Perspective on Institutional Quality, Green Investment, and Globalization
Bibliographic Data
| ID | 12307448 |
|---|---|
| Authors | Tran Hoang Minh Khoi (University of Economics Ho Chi Minh City Ho Chi Minh City Vietnam), Huynh Van Quoc (0009-0000-1278-4605, Faculty of Finance—Banking University of Finance—Banking Ho Chi Minh City Vietnam, corresponding author), Trần Gia Huy (0000-0002-0364-136X, University of Economics Ho Chi Minh City Ho Chi Minh City Vietnam), Nguyen Thi Thuy Hang (0000-0003-2777-7023, University of Economics Ho Chi Minh City Ho Chi Minh City Vietnam), Nguyen Minh Tai (University of Economics Ho Chi Minh City Ho Chi Minh City Vietnam) |
| Year | 2025 |
| Volume | 34 |
| Issue | 1 |
| Pages | 1043-1060 |
| Publication date | 2025-10-11 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.70193 |
| OpenAlex | W4415081322 |
| Language | EN |
| Citations received | 2 |
| References cited | 87 |
Sustainable Development (SDI) is one of the key global concerns, particularly in the context of climate change and environmental degradation. This study aims to explore the impact of Institutional Quality (IQ), Green Investment (GI), and Globalization (GLO) on SDI in Vietnam from 2002 to 2021. Employing a Bayesian inference approach, we provide probabilistic insights into the positive or negative effects of these three factors on SDI. The findings indicate that IQ and GLO exert a positive impact on sustainable development, with respective probabilities of 53.27% and 76.58%. In contrast, GI negatively influences SDI with a probability of 53.24%, primarily due to institutional barriers and high costs. Based on these findings, we propose several policy implications related to improving IQ, fostering GI, and optimizing the benefits of GLO to achieve sustainable development goals
Bayesian inference · Climate change · Context (archaeology · Globalization · Investment (military · Perspective (graphical · Quality (philosophy · Sustainable development · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Sustainable Development and Environmental Policy
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| Citations per year | 2 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |