DOES FOREIGN DIRECT INVESTMENT REDUCE CARBON EMISSION? EVIDENCE FROM THE PANEL OF BRICS COUNTRIES
نویسندگان
چکیده
The nature of the impact Foreign Direct Investment (FDI) on environmental pollution is unclear from available literature and present paper examines short-run long-run association FDI with carbon emissions (CO2) in BRICS countries (Brazile, Russia, India, China South Africa). study estimates panel data for region 1992 to 2018 yearly frequency through cointegration test, vector error correction model variance decomposition. results, though have not found any relation between CO2, they indicate that reduce increasing short run support halo hypothesis. This implies Multi-national Companies (MNCs) shift relatively cleaner industries transfer greener technologies BRICS. results also reverse causation running CO2 run. Furthermore, Gross Domestic Product (GDP) appears be directly influenced by both CO2. Findings suggested should furthermore liberalise policies parallelly tighten regulations alongside creating awareness enhancing capabilities country absorb efficient eco-friendly technologies. Policies provide impetus energy-efficient less emitting equipment.
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ژورنال
عنوان ژورنال: Economic Thought journal
سال: 2022
ISSN: ['0013-2993']
DOI: https://doi.org/10.56497/etj2267402