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- Title
Foreign Direct Investment and Pollution in Middle Income and OECD Member Countries.
- Authors
Benli, Muhammed; Acar, Yasin
- Abstract
This study reexamines the impact of foreign direct investment inflows on carbon emissions in middle-income and OECD countries over the period 1992 - 2017. For that purpose, we employ a two-step system GMM dynamic panel data estimator controlling for endogeneity, omitted variable, and simultaneity in our panels. The empirical results from the analyses show that FDI increases carbon emissions in middle-income countries and provide evidence of the pollution haven hypothesis in developing countries. Our findings suggest that FDI has a small halo effect on advanced economies. Our study also provides evidence of the Environmental Kuznets Curve hypothesis across different panel samples.
- Subjects
FOREIGN investments; MIDDLE class; DEVELOPING countries; CARBON emissions; MIDDLE-income countries; POLLUTION
- Publication
Balkan Journal of Social Sciences / Balkan Sosyal Bilimler Dergisi, 2022, Vol 11, Issue 21, p54
- ISSN
1309-9841
- Publication type
Article