Environmental impact of economic growth, emission and FDI: systematic review of reviews

Abstract

Purpose-The purpose of this paper is to organize the detailed review of economic growth, carbon emission and foreign capital inflows and its impact on the environment. Another objective of the study is to provide the comprehensive bibliography and to analyze the findings and results of the studies undertaken in review. Design/methodology/approach-This paper examined 111 research papers from a sample of thousands of papers, based on inclusion criteria, in this area of research. These 111 research papers are categorized on the basis of several factors to know the status of research on this topic. Findings-This study is based on economic development and carbon emission and its impact on the environment. We tried to gather all the available facts based on this topic and found that the topic is gaining high relevance in the present scenario because of the growing pace of development in developing countries. Most of the studies supported the environmental Kuznets curve hypothesis and we also found that significant amount of literature is available which supports cleaner FDI as a measure to mitigate the negative effects of economic growth on the ecological environment. Originality/value-Based on the literature review from various sources, this study provides the collection, classification and comprehensive bibliography on this topic, which may be helpful for stakeholders such as academicians, researchers and policymakers working particularly in this area of research.

Management of Environmental Performance and Impact of the Carbon Dioxide Emissions (CO2) on the Economic Growth in the GCC Countries

“…Some other researchers focused on the study of the linkage between the environmental performance and the variables macroeconomic as the foreign direct investment, the trade openness, the investment, and the CO2 emissions. In which, the results drawn by Altwaijri et al, (2004), Bohringer andOchem, (2007), Sugiawan et al, (2019), Churchill et al, (2019), He et al, (2019a), Miao et al, (2019), Saini and Sighania (2019), Ershad and Haque (2019), Yang et al, (2019), and He et al, (2019b), indicate a positive interactions between the variables.…”

“…Especially, the review of Saini and Sighania (2019) in which the authors have examined the relationship between economic development and carbon emission and its impact on the environment on the basis of 111 research papers from a sample of thousands of papers.…”

“…Finally, the author's notes, at a higher level of economic development, there is less intensification of energy consumption, and a decline in energy intensity while validating energy efficiency in South Africa. Similarly, Saini and Sighania (2019) propose to organize a detailed review of economic growth, carbon emission, and foreign capital inflows and its impact on the environment. And they found that a significant amount of literature is available which supports cleaner FDI as a measure to mitigate the negative effects of economic growth on the ecological environment.…”

How do remittances to the Philippines affect its environmental sustainability? Evidence based on the augmented ARDL approach

“…The direct effect is mainly concerned with the increased transportation resulting from foreign trade which intensifies pollution. Moreover, the indirect effects are as follows: scale (increase in the economic activity due to increased involvement in trade depresses environmental sustainability), technique (transfer of novel production techniques that positively affect environmental sustainability), lastly, composition (as a result of trade, specialisation occurs, therefore, this can result in less energy intensive production, hence decreasing the pressure on the environment) effects (Gallagher, 2009; Saini & Sighania, 2019). Another hypothesis that is tested in the literature to investigate the impacts of foreign capital inflows or FDIs on the environment is the pollution haven hypothesis (PHH).…”

“…1 1 More detailed literature surveys can be found in other studies (see Adewuyi & Awodumi, 2017; Saini & Sighania, 2019; Shahbaz & Sinha, 2019; Tiba & Omri, 2017). …”