Examining foreign direct investment and environmental pollution linkage in Asia
Yükleniyor...
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study investigated the causal linkage between environmental pollution by carbon dioxide (CO2) emissions and net foreign
direct investment (FDI), along with some other variables, namely economic growth by real per capita income and trade openness,
using balanced annual data of 17 countries from Asia for the period from 1980 to 2014. Panel cointegration tests confirm the
long-run association among the variables. After checking the panel data for stationarity properties, the method panel fully
modified ordinary least squares (FMOLS) is implemented. The FMOLS estimates on CO2 emission model reveal that inward
FDI has a significantly positive impact on environmental pollution, supporting the pollution haven hypothesis (PHH). Likewise,
FDI model results imply that CO2 emissions represent environmental pollution; economic growth and trade openness are the
pivotal determinants of FDI. Panel causality results suggest bidirectional linkages between CO2 emissions and inward FDI.
Empirical findings suggest that economic policy reforms are required to channelise foreign capital inflows to a more environmentally healthy direction. The governments of Asian countries should chalk out policies on FDI inflows and the environment in
order to achieve sustainable economic growth and development.
Açıklama
Anahtar Kelimeler
CO2 emissions, Inward FDI, Trade openness, Balanced panel data, Asia
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
27
Sayı
7
Künye
Khan, M. A., & Ozturk, I. (2020). Examining foreign direct investment and environmental pollution linkage in asia. Environmental Science and Pollution Research, 27(7), 7244-7255.
