Can Sustainable Development Induce Foreign Direct Investment? Analysis of the Complex Inward and Outward Flows of Investment in European Union Countries
Author
Abstract
Suggested Citation
DOI: 10.1007/s13132-023-01473-9
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Posner, Stephen M. & Costanza, Robert, 2011. "A summary of ISEW and GPI studies at multiple scales and new estimates for Baltimore City, Baltimore County, and the State of Maryland," Ecological Economics, Elsevier, vol. 70(11), pages 1972-1980, September.
- Fisayo Fagbemi & Tolulope T. Osinubi, 2020.
"Leveraging Foreign Direct Investment for Sustainability: An Approach to Sustainable Human Development in Nigeria,"
Working Papers
20/090, European Xtramile Centre of African Studies (EXCAS).
- Fisayo Fagbemi & Tolulope T. Osinubi, 2020. "Leveraging Foreign Direct Investment for Sustainability: An Approach to Sustainable Human Development in Nigeria," Working Papers of the African Governance and Development Institute. 20/090, African Governance and Development Institute..
- Fisayo Fagbemi & Tolulope T. Osinubi, 2020. "Leveraging Foreign Direct Investment for Sustainability: An Approach to Sustainable Human Development in Nigeria," Research Africa Network Working Papers 20/090, Research Africa Network (RAN).
- Pegah Sadeghi & Hamid Shahrestani & Kambiz Hojabr Kiani & Taghi Torabi, 2020. "Economic complexity, human capital, and FDI attraction: A cross country analysis," International Economics, CEPII research center, issue 164, pages 168-182.
- M. Hashem Pesaran, 2007.
"A simple panel unit root test in the presence of cross-section dependence,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
- Pesaran, M.H., 2003. "A Simple Panel Unit Root Test in the Presence of Cross Section Dependence," Cambridge Working Papers in Economics 0346, Faculty of Economics, University of Cambridge.
- Machado, José A.F. & Santos Silva, J.M.C., 2019. "Quantiles via moments," Journal of Econometrics, Elsevier, vol. 213(1), pages 145-173.
- T. S. Breusch & A. R. Pagan, 1980.
"The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 239-253.
- Breusch, T.S. & Pagan, A.R., 1980. "The Lagrange multiplier test and its applications to model specification in econometrics," LIDAM Reprints CORE 412, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- Hashem Pesaran, M. & Yamagata, Takashi, 2008.
"Testing slope homogeneity in large panels,"
Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
- Pesaran, M.H. & Yamagata. T., 2005. "Testing Slope Homogeneity in Large Panels," Cambridge Working Papers in Economics 0513, Faculty of Economics, University of Cambridge.
- M. Hashem Pesaran & Takashi Yamagata, 2005. "Testing Slope Homogeneity in Large Panels," IEPR Working Papers 05.14, Institute of Economic Policy Research (IEPR).
- M. Hashem Pesaran & Takashi Yamagata, 2005. "Testing Slope Homogeneity in Large Panels," CESifo Working Paper Series 1438, CESifo.
- John C. Driscoll & Aart C. Kraay, 1998. "Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 549-560, November.
- Sultana, Nasrin & Turkina, Ekaterina, 2020. "Foreign direct investment, technological advancement, and absorptive capacity: A network analysis," International Business Review, Elsevier, vol. 29(2).
- Shahbaz, Muhammad & Balsalobre-Lorente, Daniel & Sinha, Avik, 2019. "Foreign Direct Investment–CO2 Emissions Nexus in Middle East and North African countries: Importance of Biomass Energy Consumption," MPRA Paper 91729, University Library of Munich, Germany, revised 19 Jan 2019.
- Neves, Sónia Almeida & Marques, António Cardoso & Patrício, Margarida, 2020. "Determinants of CO2 emissions in European Union countries: Does environmental regulation reduce environmental pollution?," Economic Analysis and Policy, Elsevier, vol. 68(C), pages 114-125.
- Shahbaz, Muhammad & Nasir, Muhammad Ali & Roubaud, David, 2018.
"Environmental degradation in France: The effects of FDI, financial development, and energy innovations,"
Energy Economics, Elsevier, vol. 74(C), pages 843-857.
- Shahbaz, Muhammad & Nasir, Muhammad Ali & Roubaud, David, 2018. "Environmental Degradation in France: The Effects of FDI, Financial Development, and Energy Innovations," MPRA Paper 88195, University Library of Munich, Germany, revised 16 Jul 2018.
- Singhania, Monica & Saini, Neha, 2021. "Demystifying pollution haven hypothesis: Role of FDI," Journal of Business Research, Elsevier, vol. 123(C), pages 516-528.
- Adom, Philip Kofi & Opoku, Eric Evans Osei & Yan, Isabel Kit-Ming, 2019. "Energy demand–FDI nexus in Africa: Do FDIs induce dichotomous paths?," Energy Economics, Elsevier, vol. 81(C), pages 928-941.
- Shahbaz, Muhammad & Nasreen, Samia & Abbas, Faisal & Anis, Omri, 2015. "Does foreign direct investment impede environmental quality in high-, middle-, and low-income countries?," Energy Economics, Elsevier, vol. 51(C), pages 275-287.
- Daniel Francisco Pais & Tiago Lopes Afonso & Ant nio Cardoso Marques & Jos A Fuinhas, 2019. "Are Economic Growth and Sustainable Development Converging? Evidence from the Comparable Genuine Progress Indicator for Organisation for Economic Co-operation and Development Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 202-213.
- Hao, Yu & Guo, Yunxia & Guo, Yitong & Wu, Haitao & Ren, Siyu, 2020. "Does outward foreign direct investment (OFDI) affect the home country’s environmental quality? The case of China," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 109-119.
- Bleys, Brent & Whitby, Alistair, 2015. "Barriers and opportunities for alternative measures of economic welfare," Ecological Economics, Elsevier, vol. 117(C), pages 162-172.
- Elena Stupnikova & Tatyana Sukhadolets, 2019. "Construction Sector Role in Gross Fixed Capital Formation: Empirical Data from Russia," Economies, MDPI, vol. 7(2), pages 1-16, May.
- Sapkota, Pratikshya & Bastola, Umesh, 2017. "Foreign direct investment, income, and environmental pollution in developing countries: Panel data analysis of Latin America," Energy Economics, Elsevier, vol. 64(C), pages 206-212.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Patrícia Hipólito Leal & Rafaela Vital Caetano & António Cardoso Marques, 2021. "Is the Relocation of Polluting Industries Prompted by FDI Flow and Stock, Globalisation, Corruption and Regulation?," IJERPH, MDPI, vol. 18(4), pages 1-30, February.
- Marques, António Cardoso & Caetano, Rafaela, 2020. "The impact of foreign direct investment on emission reduction targets: Evidence from high- and middle-income countries," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 107-118.
- Zafar, Muhammad Wasif & Shahbaz, Muhammad & Sinha, Avik & Sengupta, Tuhin & Qin, Quande, 2020. "How Renewable Energy Consumption Contribute to Environmental Quality? The Role of Education in OECD Countries," MPRA Paper 100259, University Library of Munich, Germany, revised 08 May 2020.
- Wilman-Santiago Ochoa-Moreno & Byron Alejandro Quito & Carlos Andrés Moreno-Hurtado, 2021. "Foreign Direct Investment and Environmental Quality: Revisiting the EKC in Latin American Countries," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
- Fredrick Oteng Agyeman & Ma Zhiqiang & Mingxing Li & Agyemang Kwasi Sampene & Malcom Frimpong Dapaah & Emmanuel Adu Gyamfi Kedjanyi & Paul Buabeng & Yiyao Li & Saifullah Hakro & Mohammad Heydari, 2022. "Probing the Effect of Governance of Tourism Development, Economic Growth, and Foreign Direct Investment on Carbon Dioxide Emissions in Africa: The African Experience," Energies, MDPI, vol. 15(13), pages 1-24, June.
- Bakry, Walid & Mallik, Girijasankar & Nghiem, Xuan-Hoa & Sinha, Avik & Vo, Xuan Vinh, 2023. "Is green finance really “green”? Examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries," Renewable Energy, Elsevier, vol. 208(C), pages 341-355.
- Ioannis Kostakis & Sarantis Lolos, 2024. "Uncovering the impact of cultural heritage on economic growth: empirical evidence from Greek regions, 2000–2019," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(3), pages 1209-1239, October.
- Yasmeen, Rizwana & Yao, Xing & Ul Haq Padda, Ihtsham & Shah, Wasi Ul Hassan & Jie, Wanchen, 2022. "Exploring the role of solar energy and foreign direct investment for clean environment: Evidence from top 10 solar energy consuming countries," Renewable Energy, Elsevier, vol. 185(C), pages 147-158.
- Francisco García-Lillo & Eduardo Sánchez-García & Bartolomé Marco-Lajara & Pedro Seva-Larrosa, 2023. "Renewable Energies and Sustainable Development: A Bibliometric Overview," Energies, MDPI, vol. 16(3), pages 1-22, January.
- Shinwari, Riazullah & Wang, Yangjie & Gozgor, Giray & Mousavi, Mahdi, 2024. "Does FDI affect energy consumption in the belt and road initiative economies? The role of green technologies," Energy Economics, Elsevier, vol. 132(C).
- Guan, Zepeng & Hossain, Mohammad Razib & Sheikh, Muhammad Ramzan & Khan, Zeeshan & Gu, Xiao, 2023. "Unveiling the interconnectedness between energy-related GHGs and pro-environmental energy technology: Lessons from G-7 economies with MMQR approach," Energy, Elsevier, vol. 281(C).
- Mehmet Balcilar & Ojonugwa Usman & George N. Ike, 2023. "Investing green for sustainable development without ditching economic growth," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 728-743, April.
- Sahrish Saeed & Muhammad Sohail Amjad Makhdum & Sofia Anwar & Muhammad Rizwan Yaseen, 2023. "Climate Change Vulnerability, Adaptation, and Feedback Hypothesis: A Comparison of Lower-Middle, Upper-Middle, and High-Income Countries," Sustainability, MDPI, vol. 15(5), pages 1-25, February.
- Destek, Mehmet Akif & Hossain, Mohammad Razib & Aydın, Sercan & Shakib, Mohammed & Destek, Gamze, 2023. "Investigating the role of economic complexity in evading the resource curse," Resources Policy, Elsevier, vol. 86(PB).
- Halmat Omer & Murad Bein, 2022. "Does the Moderating Role of Financial Development on Energy Utilization Contributes to Environmental Sustainability in GCC Economies?," Energies, MDPI, vol. 15(13), pages 1-16, June.
- Angeliki N. Menegaki, 2019. "The ARDL Method in the Energy-Growth Nexus Field; Best Implementation Strategies," Economies, MDPI, vol. 7(4), pages 1-16, October.
- Dong, Ziguang & Zhou, Zheng & Ananzeh, Mohammed & Hoang, Khai Nguyen & Shamansurova, Zilola & Luong, Tuan Anh, 2024. "Exploring the asymmetric association between fintech, clean energy, climate policy, natural resource conservations and environmental quality. A post-COVID perspective from Asian countries," Resources Policy, Elsevier, vol. 88(C).
- Destek, Mehmet Akif, 2019. "Investigation on the role of economic, social and political globalization on environment: Evidence from CEECs," MPRA Paper 106937, University Library of Munich, Germany.
- Opoku, Eric Evans Osei & Dogah, Kingsley E. & Aluko, Olufemi Adewale, 2022. "The contribution of human development towards environmental sustainability," Energy Economics, Elsevier, vol. 106(C).
- Wang, Jianxin & Zhu, Guohua & Chang, Tin-Chang, 2024. "Unveiling the relationship between institutional quality, fintech, financial inclusion, human capital development and mineral resource abundance. An Asian perspective," Resources Policy, Elsevier, vol. 89(C).
More about this item
Keywords
Foreign direct investment; Sustainable development; CO2 emissions; Quantile via moments; Environmental regulation;All these keywords.
JEL classification:
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01473-9. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.