Service-based Green Growth Model for Vietnam*

Abstract

This paper investigates impact of the major sectors of the economy on growth and carbon dioxide emission. Based on this investigation, we proposed a green growth model, which depends on the shift of investment from industrial sector to service sector. By using SPSS with data from 1991 to 2011, we present relationship among independent sectors as variables and examine the effect of the independent sectors on economic growth and carbon dioxide emission. The results in this work showed that the shift investment from industrial sector to service sector can reduce carbon dioxide emission while keeping the target of economic growth.