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INFLUENCE OF FOREIGN DIRECT INVESTMENT ON CARBON DIOXIDE EMISSIONS IN NEWLY INDUSTRIALIZED COUNTRIES: A PANEL ARDL-PMG APPROACH.
- Source :
- Environmental Engineering & Management Journal (EEMJ); May2022, Vol. 21 Issue 5, p745-756, 12p
- Publication Year :
- 2022
-
Abstract
- In this study, the effect of foreign direct investment on carbon dioxide emissions was analyzed using annual data for the 1990-2016 period for the newly industrialized countries. The study was analyzed using Panel Pooled Mean Group-Autoregressive distributive lag cointegration test and Dumitrescu and Hurlin panel causality test. As a result of the long-term analysis, the foreign direct investment, energy consumption and trade openness have a positive and significant impact on carbon dioxide emissions whereas economic growth has negative and significant impact on carbon dioxide emissions. It has been analyzed that a 1% increase in foreign direct investment increases carbon dioxide emission by 0.03%. According to Dumitrescu and Hurlin panel causality tests analysis results, a bidirectional causality relationship between energy consumption and carbon dioxide emissions; a unidirectional causality relationship from economic growth and trade openness to carbon dioxide emissions and from carbon dioxide emissions to foreign direct investment has been determined [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 15829596
- Volume :
- 21
- Issue :
- 5
- Database :
- Supplemental Index
- Journal :
- Environmental Engineering & Management Journal (EEMJ)
- Publication Type :
- Academic Journal
- Accession number :
- 158574393
- Full Text :
- https://doi.org/10.30638/eemj.2022.069