The Impact of Foreign Direct Investment and Biomass Energy Consumption on Pollution in BRICS Countries: A Panel Data Analysis

Q2 Economics, Econometrics and Finance

Global Journal of Emerging Market Economies Pub Date : 2022-01-01 DOI:10.1177/09749101211067092

Özge Barış-Tüzemen, Samet Tüzemen

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引用次数: 3

Abstract

The relationship between foreign direct investment and carbon emissions in the BRICS (Brazil, Russian Federation, India, China, and South Africa) countries for 1992–2017 is investigated in this study. Biomass energy consumption and per capita income variables are also added to the model as additional determinants of pollution. To test the pollution haven hypothesis, panel fixed-effects and random-effects models are employed. The findings show that an N-shaped association exists between foreign direct investment and CO2 in BRICS countries. In addition, the empirical results also suggest that there is both an inverted-U and an inverted-N-shaped connection between income and pollution. Finally, the quadratic fixed-effects model results imply that biomass energy consumption has significant contribution to environmental degradation in these countries. When the results are interpreted, BRICS countries are suggested to provide more incentives to renewable energy sources and accelerate the development of the green energy system to attract clean resources and prevent environmental degradation.

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外国直接投资和生物质能消费对金砖国家污染的影响:面板数据分析

本研究调查了1992-2017年金砖国家(巴西、俄罗斯联邦、印度、中国和南非)外国直接投资与碳排放之间的关系。生物质能消耗和人均收入变量也作为污染的额外决定因素添加到模型中。为了检验污染港假说，采用了面板固定效应和随机效应模型。研究结果表明，金砖国家的外国直接投资与二氧化碳之间存在n型关系。此外，实证结果还表明，收入与污染之间既存在倒u型关系，也存在倒n型关系。最后，二次固定效应模型结果表明，生物质能消费对这些国家的环境退化有显著贡献。在对结果进行解读时，建议金砖国家为可再生能源提供更多激励措施，加快发展绿色能源体系，吸引清洁资源，防止环境恶化。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Journal of Emerging Market Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.