The foreign investments-growth nexus in underdeveloped countries: the state-of-art of research analysing a selected and recent empirical literature (2020-2022)

Scalamonti, Francesco

doi:10.1016/j.techfore.2023.122933

Cited by 9 publications

(2 citation statements)

References 171 publications

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“…Existing research has highlighted that foreign investors exhibit preferences in their investment choices [ 62 , 63 ], which may lead to sample selection bias in foreign investment firms. To mitigate the issue of sample selection bias, this study uses the propensity score matching method.…”

Section: Robustness Testsmentioning

confidence: 99%

Foreign ownership, subjective willing, and internal control level

Yi,

Yao,

2024

Heliyon

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Section: Robustness Testsmentioning

confidence: 99%

Foreign ownership, subjective willing, and internal control level

Yi,

Yao,

2024

Heliyon

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“…Recognizing these concerns, the concept of Sustainable Investment emerges as a critical force for achieving all 17 Sustainable Development Goals . While existing research investigates the influence of foreign investment on environmental quality by examining various relationships, such as foreign investment and trade with environmental quality [17], foreign investment and energy consumption with environmental quality [18], and foreign investment and economic growth with environmental pollution [19], a gap remains in the literature specifically of African regions. Based on a comprehensive literature review, no study currently examines the impact of Chinese investment and fintech on CO 2 pollution in the top five Chinese-invested African economies (Nigeria, South Africa, Egypt, Angola, Republic of the Congo).…”

Section: Introductionmentioning

confidence: 99%

A COP28 Perspective: Does Chinese Investment and Fintech Help to Achieve the SDGs of African Economies?

Zhang,

Nankpan,

Zhou

et al. 2024

Sustainability

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Scientific consensus affirms human activity, particularly carbon emissions from market participants, drives global warming. Foreign investment, crucial for sustainability in developing nations, now faces scrutiny regarding its impact on environmental quality in emerging economies. This study examines the influence of Chinese Outward Foreign Direct Investment (OFDI) and fintech on environmental conditions in the top five Chinese-invested African economies, alongside factors such as energy consumption, economic performance, and unemployment affecting CO2 pollution. Quarterly data from 2006–2021 confirm cointegration among variables via panel unit root and cointegration tests. Panel ARDL method estimates coefficients for short and long-run effects. Our findings reveal: (1) A 1% increase in Chinese investment leads to a 0.56% decrease in CO2 emissions, supporting its positive environmental impact. (2) Fintech adoption also demonstrates a beneficial effect, with a 1% increase associated with a 0.18% reduction in CO2 levels. (3) Total energy consumption, as expected, has a detrimental impact, causing a 0.92% increase in CO2 emissions with a 1% rise. (4) Interestingly, economic growth fosters environmental sustainability, while unemployment correlates negatively with it. These findings suggest that targeted Chinese investments and fintech adoption can aid in mitigating CO2 pollution in African economies while balancing economic considerations.

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