Economic growth, FDI inflows and their impact on the environment: an empirical study for the MENA countries

Economic growth, FDI inflows and their impact on the environment: an empirical study for the MENA... The purpose of this paper is to explore the impact of economic growth, FDI inflows, trade openness and energy consumption on environmental degradation in 17 MENA countries. We did our analysis in the panel framework over the period 1990–2012 using both the static (OLS, FE and RE) and dynamic (Diff-GMM and Sys-GMM) panel data approaches. The results show significantly that the environmental Kuznets curve exists. Furthermore, the study indicates that foreign direct investment increases environmental degradation, i.e., pollution haven hypothesis exist and the increase in trade openness and energy consumption results in an increase in CO2 emissions. These empirical insights are of particular interest to policymakers as they help build sound economic policies, more energy conservation policies and foreign policies to improve environmental quality. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Economic growth, FDI inflows and their impact on the environment: an empirical study for the MENA countries

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Publisher
Springer Journals
Copyright
Copyright © 2016 by Springer Science+Business Media Dordrecht
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-015-0298-6
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to explore the impact of economic growth, FDI inflows, trade openness and energy consumption on environmental degradation in 17 MENA countries. We did our analysis in the panel framework over the period 1990–2012 using both the static (OLS, FE and RE) and dynamic (Diff-GMM and Sys-GMM) panel data approaches. The results show significantly that the environmental Kuznets curve exists. Furthermore, the study indicates that foreign direct investment increases environmental degradation, i.e., pollution haven hypothesis exist and the increase in trade openness and energy consumption results in an increase in CO2 emissions. These empirical insights are of particular interest to policymakers as they help build sound economic policies, more energy conservation policies and foreign policies to improve environmental quality.

Journal

Quality & QuantitySpringer Journals

Published: Jan 12, 2016

References

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