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

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• 作者：Mohamed Abdouli ; Sami Hammami
• 关键词：Foreign direct investment ; Economic growth ; Environment ; MENA countries
• 刊名：Quality & Quantity
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：51
• 期：1
• 页码：121-146
• 全文大小：
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Methodology of the Social Sciences; Social Sciences, general;
• 出版者：Springer Netherlands
• ISSN：1573-7845
• 卷排序：51

文摘

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.