2021
DOI: 10.1108/meq-03-2021-0051
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Fossil fuel, industrial growth and inward FDI impact on CO2 emissions in Vietnam: testing the EKC hypothesis

Abstract: PurposeIn this paper, the authors investigate that the increasing level of fossil fuel combustion in the industrial sector has been considered the prime cause for the emissions of greenhouse gas. Meanwhile, the research focusing on the impact of fossil fuel consumption on the emission of CO2 is limited for the developing countries containing Vietnam. This study applied the autoregressive distributed lag (ARDL) approach with structural breaks presence, and the Bayer–Hanck combined cointegration method to observ… Show more

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Cited by 57 publications
(38 citation statements)
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“…We noted that a 1% surge in FDI inflows increases the CO2 emissions by 0.18277% and 0.21761%, respectively, by both PFMOLS and PDOLS. In addition, the FDI-CO2 emissions nexus results indicates the "pollution haven" concept in the selected countries, which indicates that multinational companies, specifically those involved in high-polluting activities, would relocate their production activities to nations with more relaxed environmental laws, therefore expanding CO2 emissions [55,60]. The possible reason for the positive influence of FDI on CO2 emissions is that Asian economies have received a large amount of FDI from the last two decades since the region has begun transformation towards industrialization.…”
Section: Long-run Resultsmentioning
confidence: 98%
See 1 more Smart Citation
“…We noted that a 1% surge in FDI inflows increases the CO2 emissions by 0.18277% and 0.21761%, respectively, by both PFMOLS and PDOLS. In addition, the FDI-CO2 emissions nexus results indicates the "pollution haven" concept in the selected countries, which indicates that multinational companies, specifically those involved in high-polluting activities, would relocate their production activities to nations with more relaxed environmental laws, therefore expanding CO2 emissions [55,60]. The possible reason for the positive influence of FDI on CO2 emissions is that Asian economies have received a large amount of FDI from the last two decades since the region has begun transformation towards industrialization.…”
Section: Long-run Resultsmentioning
confidence: 98%
“…As a result, we substituted the fossil fuel capital (KP f f ) with energy consumption (ENC) as an emitting capital as conducted by [55] for Vietnam. Similarly, renewable energy is indicated as a significant factor in reducing CO2 by several studies, thus renewable energy capital (KP REN ) in Equation ( 6) is substituted with green investment (GIN), that is, investment in renewable energy, parallel to the study of [56], and the new equation can be rewritten as:…”
Section: Specification Of Modelmentioning
confidence: 99%
“…The term FNII is financial inclusion, POLU is economic policy uncertainty, GOL is the level of globalization. Agreeing from the previous literature (Bakhsh et al 2021;Murshed 2020;Murshed et al 2021;Rehman et al 2021;Ullah et al 2021), we used three most important (1)…”
Section: Model Descriptionmentioning
confidence: 99%
“…Pesaran (2007) presented the cross-sectionally augmented (CIPS) second-generation panel unit root estimates to solve for the drawbacks of the first-generation approach. In the existence of CD problems in the dataset, this technique is thought to provide reliable and consistent stationarity characteristics (Ali et al 2021;Ullah et al 2021).…”
Section: Panel Unit Root Testmentioning
confidence: 99%
“…The shifts from fast expansion and development to more inclusive development and high quantity to high quality and sustainable development with structural changes, characterizes this new development stage. Intelligent transportation, service-based businesses, higher per-capita income, buildings with greater energy efficiency, and other benefits will result from the new growth path [17,18]. A variety of initiatives are now being adopted to change development patterns and encourage long-term growth of the economy at the national and regional levels, leading towards cleaner production and fewer carbon emissions.…”
Section: Introductionmentioning
confidence: 99%