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The Impact of Foreign Direct Investment on CO2 Emission: Pollution Halo or Pollution Haven Hypothesis?

Yıl 2015, Cilt: 10 Sayı: 37, 6442 - 6448, 15.01.2015
https://doi.org/10.19168/jyu.97848

Öz

The relation between foreign direct investment and carbon emission together with globalized economic structure has become an important research area. Hence, the aim of this study is to investigate aspects of how increase in foreign direct investments is affecting carbon emission. In the application, the period 1970-2010 was examined and firstly, foreign direct investments are observed casual of carbon emission via linear and nonlinear causality tests. Secondly, long-term integration between these two variables is determined by cointegration test with two structural breaks. Lastly, the aspects of this relation are specified with the FMOLS and CCR cointegration estimators. As findings, the Pollution Halo Hypothesis which claims increase in foreign direct investments is parallel with decrease in carbon emission, is valid for United States, France and United Kingdom; on the other hand, the Pollution Haven Hypothesis which accepts these increased investments raise environment and air pollution, is valid only for Canada

Kaynakça

  • Acharyya, J. (2009), FDI, Growth and the Environment: Evidence from India on CO2 Emission during the Last Two Decades, Journal of Economic Development, 43, 34, 1, June
  • Ajide, B. ve Adeniyi, O. (2010), FDI and Environment in Developing Economics: Evidence from Nigeria, Environmental Research Journal, 4, 4, 291-297
  • Akın, C. S. (2014), Yabancı Sermaye Yatırımlarının CO2 Emisyonu Üzerine Olan Etkisi: Dinamik Panel Veri Analiz, Akademik Bakış Dergisi, Sayı: 44 Temmuz – Ağustos
  • Asghari, M., (2013), Does FDI Promote MENA Region’s Environment Quality? Pollution Halo or Pollution Haven Hypothesis, International Journal of Scientific Research in Environmental Sciences (IJSRES), 1, 6, 92-100
  • Blanco, L., Gonzalez, F. ve Ruiz, I. (2013), The Impact of FDI on CO2 Emissions in Latin America, Oxford Development Studies, 2013 Vol. 41, No. 1, 104–121
  • Cole, M. A., Elliott, R. J. R. ve Fredriksson P. G. (2006), Endogenous Pollution Havens: Does FDI Influence Environmental Regulations, The Scandinavian Journal of Economics, 108, 1, 157-178
  • Dean, J. M., Lovely, M. E. ve Wang, H. (2009), Are Foreign Investors Attracted to Weak Environmental Regulations? Evaluating the Evidence from China, Journal of Development Economics, 90, 1–13
  • Di, W. (2007), Pollution Abatement Cost Savings and FDI Inflows to Polluting Sectors in China, Environment and Development Economics, 12, 06, December, 775-798
  • Diks, C. ve Panchenko, V. (2005), A Note on the Hiemstra-Jones Test for Granger Non-causality, Studies in Nonlinear Dynamics and Econometrics, 9 (2) 1-7.
  • Doytch, N. (2012), FDI Halo vs. Pollution Haven Hypothesis, NYSEA Proceedings, Volume 5, 65th Annual Meeting
  • Hatemi-J, A. N. (2008), Tests for Cointegration with Two Unknown Regime Shifts with an Application to Fnancial Market Integration, Empirical Economics, 35, 497-505
  • He, J. (2006), Pollution Haven Hypothesis and Rnvironmental Impacts of Foreign Direct Investment: The Case of Industrial Emission of Sulfur
  • Dioxide (SO2) in Chinese provinces, Ecological Economics, 228-245
  • Hoffmann, R., Lee, C. G., Ramasamy, B., ve Yeung, M. (2005), FDI and Pollution: A Granger Causality Test Using Panel Data, Journal of International Development, 17, 311–317
  • Hotunoğlu, H. ve Tekeli, R. (2007), Karbon Vergisinin Ekonomik Analizi ve Etkileri: Karbon Vergisinin Emisyon Azaltıcı Etkisi Var mı?, Sosyo Ekonomi, 3, 6, 107-127
  • Gregory, A. W. ve Hansen, B. E. (1996). Residual-Based Tests for Cointegration in Models with Regime Shifts. Journal of Economomics, 70, 99-126
  • Grossman, G. M. ve Krueger, A. B. (1991), Environmental Impacts of A North American Free Trade Agreement, NBER Working Paper Series, 3914
  • Keller, W. ve Levinson, A. (1999), Environmental Compliance Costs and Foreign Direct Investment Inflows to U.S. States, NBER Working Paper Series, 7369
  • Kirkulak, B., Qui, B. ve Yin, W, (2011), The Impact of FDI on Air Quality: Evidence from China, Journal of Chinese Economic and Foreign Trade Studies, 4, 2, 81-98
  • Kivyiro, P. ve Arminen, H, (2014), Carbon Dioxide Emissions, Energy Consumption, Economic Growth and Foreign Direct Investment: Causality Analysis for Sub-Saharan Africa, Energy 74, 595-606
  • Liang, F. H. (2006), Does Foreign Direct Investment Harm the Host Country’s Environment? Evidence from China, University of California, Berkeley
  • Nazlıoğlu, Ş., Kayhan, S. ve Adıgüzel, U. (2014), Electricity Consumption
  • and Economic Growth in Turkey: Cointegration, Linear and Nonlinear Granger Causality, Energy Sources, Part B, 9, 315–324,
  • Pao, H. T. ve Tsai, C. M. (2011), Multivariate Granger Causality between CO2 Emissions, Energy Consumption, FDI (Foreign Direct Investment) and GDP (Gross Domestic Product): Evidence from a Panel of BRIC (Brazil, Russian Federation, India, and China) Countries, Energy, 36, 685-693
  • Rezza, A. A., (2013), FDI and Pollution Havens: Evidence from the Norwegian Manufacturing Sector, Ecological Economics, 90, 140–149
  • Shahbaz, M., Nasreen, S. ve, Afza, T. (2011), Environmental Consequences of Economic Growth and Foreign Direct Investment: Evidence from Panel Data Analysis, Munich Personal RePEc Archive
  • Smarzynska B. K. ve Wei, S. J. (2001), Pollution Haven and Foreign Direct Investment: Dirty Secret or Popular Myth?, NBER Working Paper Series, 8465
  • United States Department of Energy's Carbon Dioxide Information Analysis Center (CDIAC)
  • Yanchun, Y. (2010), FDI and China’s Carbon Dioxide Emissions: 1978–2008, Proceedings of the 7th International Conference on Innovation & Management,
  • Yılmazer, M. ve Açıkgöz Ersoy, B. (2009), Kirlilik Sığınağı Hipotezi, Doğrudan Yabancı Yatırımlar Ve Kamu Politikaları, Ege Akademik Bakış, 9 (4), 1441-1462

Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?

Yıl 2015, Cilt: 10 Sayı: 37, 6442 - 6448, 15.01.2015
https://doi.org/10.19168/jyu.97848

Öz

Küreselleşen ekonomik yapı ile birlikte direk yabancı yatırımlar ve karbon emisyonu arasındaki ilişki önemli bir araştırma konusu olmuştur. 1970-2010 arasındaki dönemin incelendiği bu çalışmada direk yabancı yatırımlardaki artışın karbon emisyonu üzerindeki etkisinin yönü araştırılmıştır. Bu bağlamda ilk olarak doğrusal ve doğrusal olmayan nedensellik testleri vasıtasıyla direk yabancı yatırımların karbon emisyonunun nedeni olduğu tespit edilmiştir. İkinci aşamada bu iki değişken arasında uzun dönemli entegrasyonun varlığı iki yapısal kırılmalı eşbütünleşme testi ile belirlenmiştir. Son aşamada ise bu ilişkinin yönü FMOLS ve CCR eşbütünleşme tahmincileri ile saptanmıştır. Sonuç olarak, A.B.D, Fransa ve İngiltere için direk yabancı yatırımlardaki artış ile karbon salınımdaki azalmanın paralel olduğunu öne süren Kirlilik Hale hipotezinin geçerli olduğu; Kanada içinse artan bu yatırımların çevre ve hava kirliliğini arttırdığı yönündeki Kirlilik Cenneti hipotezinin geçerli olduğu bulgusuna ulaşılmıştır.

Kaynakça

  • Acharyya, J. (2009), FDI, Growth and the Environment: Evidence from India on CO2 Emission during the Last Two Decades, Journal of Economic Development, 43, 34, 1, June
  • Ajide, B. ve Adeniyi, O. (2010), FDI and Environment in Developing Economics: Evidence from Nigeria, Environmental Research Journal, 4, 4, 291-297
  • Akın, C. S. (2014), Yabancı Sermaye Yatırımlarının CO2 Emisyonu Üzerine Olan Etkisi: Dinamik Panel Veri Analiz, Akademik Bakış Dergisi, Sayı: 44 Temmuz – Ağustos
  • Asghari, M., (2013), Does FDI Promote MENA Region’s Environment Quality? Pollution Halo or Pollution Haven Hypothesis, International Journal of Scientific Research in Environmental Sciences (IJSRES), 1, 6, 92-100
  • Blanco, L., Gonzalez, F. ve Ruiz, I. (2013), The Impact of FDI on CO2 Emissions in Latin America, Oxford Development Studies, 2013 Vol. 41, No. 1, 104–121
  • Cole, M. A., Elliott, R. J. R. ve Fredriksson P. G. (2006), Endogenous Pollution Havens: Does FDI Influence Environmental Regulations, The Scandinavian Journal of Economics, 108, 1, 157-178
  • Dean, J. M., Lovely, M. E. ve Wang, H. (2009), Are Foreign Investors Attracted to Weak Environmental Regulations? Evaluating the Evidence from China, Journal of Development Economics, 90, 1–13
  • Di, W. (2007), Pollution Abatement Cost Savings and FDI Inflows to Polluting Sectors in China, Environment and Development Economics, 12, 06, December, 775-798
  • Diks, C. ve Panchenko, V. (2005), A Note on the Hiemstra-Jones Test for Granger Non-causality, Studies in Nonlinear Dynamics and Econometrics, 9 (2) 1-7.
  • Doytch, N. (2012), FDI Halo vs. Pollution Haven Hypothesis, NYSEA Proceedings, Volume 5, 65th Annual Meeting
  • Hatemi-J, A. N. (2008), Tests for Cointegration with Two Unknown Regime Shifts with an Application to Fnancial Market Integration, Empirical Economics, 35, 497-505
  • He, J. (2006), Pollution Haven Hypothesis and Rnvironmental Impacts of Foreign Direct Investment: The Case of Industrial Emission of Sulfur
  • Dioxide (SO2) in Chinese provinces, Ecological Economics, 228-245
  • Hoffmann, R., Lee, C. G., Ramasamy, B., ve Yeung, M. (2005), FDI and Pollution: A Granger Causality Test Using Panel Data, Journal of International Development, 17, 311–317
  • Hotunoğlu, H. ve Tekeli, R. (2007), Karbon Vergisinin Ekonomik Analizi ve Etkileri: Karbon Vergisinin Emisyon Azaltıcı Etkisi Var mı?, Sosyo Ekonomi, 3, 6, 107-127
  • Gregory, A. W. ve Hansen, B. E. (1996). Residual-Based Tests for Cointegration in Models with Regime Shifts. Journal of Economomics, 70, 99-126
  • Grossman, G. M. ve Krueger, A. B. (1991), Environmental Impacts of A North American Free Trade Agreement, NBER Working Paper Series, 3914
  • Keller, W. ve Levinson, A. (1999), Environmental Compliance Costs and Foreign Direct Investment Inflows to U.S. States, NBER Working Paper Series, 7369
  • Kirkulak, B., Qui, B. ve Yin, W, (2011), The Impact of FDI on Air Quality: Evidence from China, Journal of Chinese Economic and Foreign Trade Studies, 4, 2, 81-98
  • Kivyiro, P. ve Arminen, H, (2014), Carbon Dioxide Emissions, Energy Consumption, Economic Growth and Foreign Direct Investment: Causality Analysis for Sub-Saharan Africa, Energy 74, 595-606
  • Liang, F. H. (2006), Does Foreign Direct Investment Harm the Host Country’s Environment? Evidence from China, University of California, Berkeley
  • Nazlıoğlu, Ş., Kayhan, S. ve Adıgüzel, U. (2014), Electricity Consumption
  • and Economic Growth in Turkey: Cointegration, Linear and Nonlinear Granger Causality, Energy Sources, Part B, 9, 315–324,
  • Pao, H. T. ve Tsai, C. M. (2011), Multivariate Granger Causality between CO2 Emissions, Energy Consumption, FDI (Foreign Direct Investment) and GDP (Gross Domestic Product): Evidence from a Panel of BRIC (Brazil, Russian Federation, India, and China) Countries, Energy, 36, 685-693
  • Rezza, A. A., (2013), FDI and Pollution Havens: Evidence from the Norwegian Manufacturing Sector, Ecological Economics, 90, 140–149
  • Shahbaz, M., Nasreen, S. ve, Afza, T. (2011), Environmental Consequences of Economic Growth and Foreign Direct Investment: Evidence from Panel Data Analysis, Munich Personal RePEc Archive
  • Smarzynska B. K. ve Wei, S. J. (2001), Pollution Haven and Foreign Direct Investment: Dirty Secret or Popular Myth?, NBER Working Paper Series, 8465
  • United States Department of Energy's Carbon Dioxide Information Analysis Center (CDIAC)
  • Yanchun, Y. (2010), FDI and China’s Carbon Dioxide Emissions: 1978–2008, Proceedings of the 7th International Conference on Innovation & Management,
  • Yılmazer, M. ve Açıkgöz Ersoy, B. (2009), Kirlilik Sığınağı Hipotezi, Doğrudan Yabancı Yatırımlar Ve Kamu Politikaları, Ege Akademik Bakış, 9 (4), 1441-1462
Toplam 30 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Feyyaz Zeren

Yayımlanma Tarihi 15 Ocak 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 10 Sayı: 37

Kaynak Göster

APA Zeren, F. (2015). Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?. Yaşar Üniversitesi E-Dergisi, 10(37), 6442-6448. https://doi.org/10.19168/jyu.97848
AMA Zeren F. Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?. Yaşar Üniversitesi E-Dergisi. Nisan 2015;10(37):6442-6448. doi:10.19168/jyu.97848
Chicago Zeren, Feyyaz. “Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi Mi Kirlilik Cenneti Hipotezi Mi?”. Yaşar Üniversitesi E-Dergisi 10, sy. 37 (Nisan 2015): 6442-48. https://doi.org/10.19168/jyu.97848.
EndNote Zeren F (01 Nisan 2015) Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?. Yaşar Üniversitesi E-Dergisi 10 37 6442–6448.
IEEE F. Zeren, “Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?”, Yaşar Üniversitesi E-Dergisi, c. 10, sy. 37, ss. 6442–6448, 2015, doi: 10.19168/jyu.97848.
ISNAD Zeren, Feyyaz. “Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi Mi Kirlilik Cenneti Hipotezi Mi?”. Yaşar Üniversitesi E-Dergisi 10/37 (Nisan 2015), 6442-6448. https://doi.org/10.19168/jyu.97848.
JAMA Zeren F. Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?. Yaşar Üniversitesi E-Dergisi. 2015;10:6442–6448.
MLA Zeren, Feyyaz. “Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi Mi Kirlilik Cenneti Hipotezi Mi?”. Yaşar Üniversitesi E-Dergisi, c. 10, sy. 37, 2015, ss. 6442-8, doi:10.19168/jyu.97848.
Vancouver Zeren F. Doğrudan Yabancı Yatırımların CO2 Emisyonuna Etkisi: Kirlilik Hale Hipotezi mi Kirlilik Cenneti Hipotezi mi?. Yaşar Üniversitesi E-Dergisi. 2015;10(37):6442-8.

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