The nexus among climate change, economic growth, foreign direct investments, and financial development: New evidence from N‐11 countries

Aslan, Alper; Altınöz, Buket; Polat, Melike Atay

doi:10.1002/ep.13585

Cited by 20 publications

(8 citation statements)

References 58 publications

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“…According to the results obtained, it has been determined that energy use, trade openness and economic growth have a positive effect on CO 2 emissions. After this study, some of the studies dealing with the relationship between energy usage and CO 2 emissions show that energy usage causes CO 2 emissions (Kohler 2013;Kivyiro and Arminen 2014;Tang and Tan 2015;Ertugrul et al 2016;Ansari et al 2019), some show a mutual relationship between the two (Raggad 2018;Khan, Khan and Rehan 2020;Aslan et al 2021), and some…”

Section: Literature Reviewmentioning

confidence: 90%

“…But in the short run foreign direct investment does not cause CO 2 emissions. After this study, some of the studies dealing with the relationship between foreign direct investment and CO 2 emissions show that foreign direct investment causes CO 2 emissions (Kivyiro and Arminen 2014;Aslan et al 2021), some show a mutual relationship between the two (Tang and Tan 2015), some show that foreign direct investment positively affects CO 2 emissions (Chishti et al 2021;Muhammad and Khan 2021), and some show that foreign direct investment has a negative effect on CO 2 emissions (Sung et al 2018). Previous studies on the subject are summarized in Table 1.…”

Section: Literature Reviewmentioning

confidence: 91%

“…In the study, it was concluded that economic growth is effective on CO 2 emissions both in the short and long term, but the effect of economic growth on CO 2 emissions in the long term is lower than in the short term. After this study, some of the studies dealing with the relationship between economic growth and CO 2 emissions show that economic growth causes CO 2 emissions (Saboori et al 2012;Kohler 2013;Kivyiro and Arminen 2014;Ertugrul et al 2016;Mohiuddin et al 2016;Ansari et al 2019), some that CO 2 emissions cause economic growth (Aslan et al 2021), some show a mutual relationship between the two (Tang and Tan 2015;Ahmad et al 2017;Aye and Edoja 2017;Khan, Khan and Rehan 2020), some…”

Section: Literature Reviewmentioning

confidence: 91%

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Carbon dioxide emissions, economic growth, energy usage, trade openness and foreign direct investment: Evidence from G8 Countries

Aydın

2023

Preprint

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This study aims to examine the effects of economic growth, energy usage, trade openness and foreign direct investment on carbon dioxide (CO2) emissions for G8 countries using annual data for the period 1990–2018. For this purpose, this study primarily follows the cross-section dependence and heterogeneity tests. Then, unit root and cointegration tests, cointegration analyzes and causality analyzes are performed in the study. Finally, the article estimates short-term parameters and long-term parameters to capture possible dynamic relationships between variables. The Westerlund Error Correction Model (ECM) panel test for cointegration shows that there is a cointegration relationship between these variables for both the entire panel and the cross-section units. Augmented Mean Group (AMG) estimator method shows that economic growth has no effect on CO2 emissions in the majority of the countries studied, energy usage increases CO2 emissions, while foreign direct investments and trade openness do not affect CO2 emissions in some countries, but positively effects in some countries and negatively in others. According to the results obtained from the Pooled Mean Group (PMG) analysis, it has been determined that economic growth, energy usage and trade openness are important to explain the change in CO2 emissions in the long run, while energy usage and trade openness are important to explain the change in CO2 emissions in the short run too, but economic growth is not. According to Dumitrescu Hurlin panel causality results, it is seen that there is no causal relationship between CO2 emissions, economic growth and energy use. While there is a unidirectional causality from CO2 emissions to foreign direct investments, it has been determined that there is a bidirectional causality between trade openness and CO2 emissions. When the results are examined in general, this study provides important ideas about the determinants of CO2 emissions in the G8 countries.

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Section: Literature Reviewmentioning

confidence: 90%

Section: Literature Reviewmentioning

confidence: 91%

Section: Literature Reviewmentioning

confidence: 91%

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Carbon dioxide emissions, economic growth, energy usage, trade openness and foreign direct investment: Evidence from G8 Countries

Aydın

2023

Preprint

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“…Altinoz Buket and Aslan Alper jointly published three articles related to PVAR. They mainly focused on the relationship between environmental protection and economic growth (Altinoz & Aslan, 2022; Aslan et al, 2021; Aslan & Altinoz, 2021). Kling Gerhard published three relevant articles of PVAR as well.…”

Section: Synthesis Analysismentioning

confidence: 99%

The Knowledge Analysis of Panel Vector Autoregression: A Systematic Review

Yang,

An,

Chen

et al. 2023

Sage Open

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The panel vector autoregression (PVAR) model preserves the advantages of the vector autoregression model while expanding its time series to the spatial direction, which can effectively solve the problem of individual heterogeneity using panel data. It is derived from econometrics but has been applied interdisciplinarily because of its advantages in metrology. Given its increasingly important role in econometrics and interdisciplinary applications, a systematic review based on the bibliometric tool was conducted by screening 292 articles related to PVAR from the Web of Science. First, a descriptive analysis of the related articles was conducted to identify the current research status of PVAR. It reveals that macroeconomic effects, economic growth and environmental protection, and model adaptation are the primary topics in PVAR-related research. Then, the study classifies PVAR models into three categories and summarizes the four estimation methods within the knowledge domain. Having clarity on the different categories and estimation methods enhances the practical utility of the PVAR model. Finally, to gain insight into the knowledge evolution of PVAR, this study discusses how research hotspots in the field have evolved over time. This analysis provides a historical perspective and allows researchers to anticipate future trends and emerging areas of interest within PVAR. Based on these findings, this study identifies three research opportunities that can guide future investigations in the field of PVAR. This study aims to foster extension applications of the model in econometric research and highlight its potential for interdisciplinary applications.

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“…Duttaray, Dutt [ 30 ] and Abbes, Mostéfa [ 31 ], proved the FDI-led growth hypothesis for multiple countries. Opposingly, Ahmad, Draz [ 26 ], Aslan, Altinoz [ 32 ] and Gupta and Singh [ 33 ] found uni-directional causality from economic growth to FDI. However, none of the selected studies has covered sectoral FDI contribution in a global context.…”

Section: Literature Reviewmentioning

confidence: 99%

More than just investment: Causality analysis between foreign direct investment and economic growth

et al. 2022

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This study examines the causal nexus between Foreign Direct Investment (FDI) and the economic growth of seven (7) regions encompassing 117 countries. A more recent panel dataset over the period 2010–2020 was analysed using the Granger causality approach and panel VAR/block exogeneity test to conduct predictive analysis among the panel series. Wavelet coherence techniques too were adapted in bringing novelty and further justifications to the research in exploring the interaction effects of the variables, which are yet to be popularised in the studied discipline. The empirical results indicate the presence of bi-directional causality between FDI and economic growth globally and in the Asian region. In contrast, the causality is uni-directional in the American region. A non-directional causality was discovered in European, Oceanian, Mediterranean, and African regions, and the findings were consistent with the outcome of the wavelet coherence technique results. The study further classifies the regions into three cross-market categories such as developed, emerging and frontier markets. The results imply no causality for most developed and emerging economies in the regional analysis. Findings also provide insights for governments and policymakers worldwide to formulate policies on directing FDI flows and propositions for a host country to become a more conducive destination for FDI and accelerate economic growth.

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The nexus among climate change, economic growth, foreign direct investments, and financial development: New evidence from N‐11 countries

Cited by 20 publications

References 58 publications

Carbon dioxide emissions, economic growth, energy usage, trade openness and foreign direct investment: Evidence from G8 Countries

Carbon dioxide emissions, economic growth, energy usage, trade openness and foreign direct investment: Evidence from G8 Countries

The Knowledge Analysis of Panel Vector Autoregression: A Systematic Review

More than just investment: Causality analysis between foreign direct investment and economic growth

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