The relationship between FDI, CO2 emissions, and energy consumption in Asia-Pacific economic cooperation countries

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dc.authorscopusid55898411800
dc.authorscopusid57205128401
dc.authorscopusid57355895400
dc.authorscopusid36458196600
dc.contributor.authorBalli, Esra
dc.contributor.authorSigeze, Ciler
dc.contributor.authorUgur, Mehmet Sedat
dc.contributor.authorCatik, Abdurrahman Nazif
dc.date.accessioned2023-01-12T19:50:56Z
dc.date.available2023-01-12T19:50:56Z
dc.date.issued2021
dc.departmentN/A/Departmenten_US
dc.description.abstractThis paper investigates the relationship between CO2 emissions, energy consumption, economic growth, and foreign direct investment for a sample of Asia-Pacific Economic Cooperation Countries (APEC) countries from 1981:Q1 to 2021:Q1 employing panel data methodology. We identify cross-sectional dependence and hence utilize the cross-sectional augmented Dickey-Fuller panel unit root test for appropriate estimation. The cointegration test developed by Westerlund (2008) reveals a long-run equilibrium between CO2 emissions, energy consumption, economic growth, and foreign direct investment. Long-run parameter estimates based on Common Correlated Effect Mean Group indicate that an increase in FDI inflows has a negative impact on air quality, supporting the pollution haven hypothesis. The cointegration test results also show that the impact of Gross Domestic Product (GDP) on CO2 emissions varies by country in the estimation sample. In contrast to the mixed evidence on the effects of other variables, the increase in energy consumption is positively and significantly affecting CO2 emissions in all APEC countries. Emirmahmutoglu and Kose Econ Model 28:870-876, (2011)'s panel causality test results show a bidirectional relationship between FDI and CO2 emissions in Japan. Furthermore, there is a bidirectional causal relationship between GDP and energy consumption in Australia, China, Japan, and Singapore. Overall, empirical evidence suggests that APEC countries should adhere to strict regulations and invest in environmental-friendly clean technologies to attract foreign direct investment.en_US
dc.identifier.doi10.1007/s11356-021-17494-3
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.pmid34843055en_US
dc.identifier.scopus2-s2.0-85120091564en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1007/s11356-021-17494-3
dc.identifier.urihttps://hdl.handle.net/11454/76197
dc.identifier.wosWOS:000723547100003en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherSpringer Heidelbergen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectForeign direct investmenten_US
dc.subjectEnergy consumptionen_US
dc.subjectCO2 emissionsen_US
dc.subjectAPEC countriesen_US
dc.subjectPollution haven hypothesisen_US
dc.subjectPanel data analysisen_US
dc.subjectForeign Direct-Investmenten_US
dc.subjectEnvironmental Kuznets Curveen_US
dc.subjectPollution Haven Hypothesisen_US
dc.subjectCarbon-Dioxide Emissionsen_US
dc.subjectFinancial Developmenten_US
dc.subjectRenewable Energyen_US
dc.subjectGrowth Nexusen_US
dc.subjectInternational-Tradeen_US
dc.subjectCausal Relationshipen_US
dc.subjectPanel Cointegrationen_US
dc.titleThe relationship between FDI, CO2 emissions, and energy consumption in Asia-Pacific economic cooperation countriesen_US
dc.typeArticleen_US

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