The impact of foreign direct investment on environmental quality: A bounds testing and causality analysis for Turkey

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dc.authorid0000-0001-9822-4683
dc.authorid0000-0002-7886-4162
dc.authorscopusid56780045800
dc.authorscopusid55900474000
dc.authorscopusid57217859668
dc.authorwosidErtugrul, Hasan Murat/Q-9761-2019
dc.authorwosidCetin, Murat/ABA-8047-2020
dc.contributor.authorŞeker, Fahri
dc.contributor.authorErtuğrul, Hasan Murat
dc.contributor.authorÇetin, Murat
dc.date.accessioned2022-05-11T14:33:29Z
dc.date.available2022-05-11T14:33:29Z
dc.date.issued2015
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThis study aims to investigate the impact of foreign direct investment (FDI), together with gross domestic product (GDP), the square of GDP, and energy consumption, on carbon dioxide (CO2) emissions in Turkey over the period 1974-2010. We employ both the bounds test approach which has superior properties especially in small samples and the Hatemi-J test which takes structural breaks into consideration in the co-integration analysis. Due to the co-integration relationship between CO2 emissions and other variables, the autoregressive distributed lag (ARDL) model is used in order to investigate short and long run elasticity between the variables. The long-run coefficients of the ARDL model indicate that the effect of FDI on CO2 emissions is positive but relatively small, while the effects of the GDP and energy consumption on CO2 emissions are quite considerable. Moreover, the short-run coefficients obtained by the error correction model (ECM) are found to be similar to those of the long-run model. The findings support the validity of the environmental Kuznets curve (EKC) hypothesis in both time-horizons. The vector ECM based Granger causality test is also applied to investigate the causal link. The causality test results indicate the existence of a causality running from all explanatory variables to CO2 emissions in the long run. Overall, the findings suggest that Turkey should promote energy efficiency with sustainable growth, and encourage more FDI inflows particularly in technology-intensive and environment-friendly industries to improve environmental quality. (C) 2015 Elsevier Ltd. All rights reserved.
dc.identifier.doi10.1016/j.rser.2015.07.118
dc.identifier.endpage356
dc.identifier.issn1364-0321
dc.identifier.issn1879-0690
dc.identifier.scopus2-s2.0-84939156186
dc.identifier.scopusqualityQ1
dc.identifier.startpage347
dc.identifier.urihttps://doi.org/10.1016/j.rser.2015.07.118
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7761
dc.identifier.volume52
dc.identifier.wosWOS:000367757800030
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorÇetin, Murat
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofRenewable & Sustainable Energy Reviews
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectFDI
dc.subjectEKC
dc.subjectBounds test
dc.subjectHatemi-J test
dc.subjectEconomic-Growth Evidence
dc.subjectTransport Energy-Consumption
dc.subjectKuznets Curve Hypothesis
dc.subjectCo2 Emissions
dc.subjectCarbon Emissions
dc.subjectFinancial Development
dc.subjectElectricity Consumption
dc.subjectCointegration Analysis
dc.subjectEkc Hypothesis
dc.subjectIncome
dc.titleThe impact of foreign direct investment on environmental quality: A bounds testing and causality analysis for Turkey
dc.typeReview Article

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