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DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ

Year 2018, Volume: 16 Issue: 3, 178 - 191, 30.09.2018
https://doi.org/10.11611/yead.377182

Abstract

Bu çalışma doğrudan yabancı
sermaye yatırımlarının çevresel kalite üzerindeki etkisini 102 ülke için
2000-2015 yıllık dönemler doğrultusunda araştırmaktadır. Dünya Bankası ülke sınıflandırmasından
hareket edilerek dört farklı ülke grubu (düşük, düşük-orta, üst-orta ve yüksek
gelirli ülkeler) için üç farklı kirlilik göstergesi (karbon dioksit, nitrojen
dioksit ve toplam sera gazı) analizlere dahil edilmiştir. Test yöntemi olarak dinamik
panel veri analizi olan ve Arellona & Bond (1991) tarafından geliştirilen
Genelleştirilmiş Momentler Metoduna yer verilmiştir. Çalışmada temel olarak doğrudan
yabancı sermaye yatırımlarının çevre kirliliğini artırması anlamına gelen “kirlilik
sığınağı (cenneti) hipotezi” ile azaltması anlamına gelen “kirlilik hale
hipotezlerinin” araştırılması amaçlanmaktadır. Elde edilen bulgular düşük
gelirli ülkeler için kirlilik sığınağı (cenneti) hipotezinin; düşük-orta, üst-orta
ve yüksek gelir grubu ülkeler için ise kirlilik hale hipotezinin geçerli
olduğunu ortaya koymaktadır.

References

  • Acharyya, J. (2009) “FDI, Growth and the Environment: Evidence from India on CO2 Emission during the Last Two Decades”, Journal of Economic Development, 34(1): 43-58.
  • Al-mulali, U. (2012) “Factors Affecting CO2 Emission in the Middle East: A Panel Data Analysis”, Energy, 44(1): 564-569.
  • Al-mulali, U. ve Tang, C. F. (2013) “Investigating the Validity of Pollution Haven Hypothesis in the Gulf Cooperation Council (GCC) Countries”, Energy Policy, 60: 813-819.
  • Arellano, M. ve Bond, S. (1991) “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”, The Review of Economic Studies, 58(2): 277-297.
  • Asghari, M. (2013) “Does FDI Promote MENA Region’s Environment Quality? Pollution Halo or Pollution Haven Hypothesis”, Int J Sci Res Environ Sci, 1(6): 92-100.
  • Cole, M. A. (2004). “Trade, the Pollution Haven Hypothesis and the Environmental Kuznets Curve: Examining the Linkages”, Ecological economics, 48(1): 71-81.
  • Cole, M. A., Elliott, R. J. ve Zhang, J. (2011) “Growth, Foreign Direct Investment, and the Environment: Evidence from Chinese Cities”, Journal of Regional Science, 51(1): 121-138.
  • Dean, J. M. (2002) “Does Trade Liberalization Harm the Environment? A New Test”, The Canadian Journal of Economics, 35 (4): 819-842.
  • Grossman, G. M. ve Krueger, A. B. (1991) “Environmental Impacts of a North American Free Trade Agreement”, National Bureau of Economic Research, Working Paper No. 3914: 1-39.
  • Greene, W. (2002), “Econometric Analysis”, Fifth Edition, Pearson Education: New Jersey.
  • Hitam, M. B. ve Borhan, H. B. (2012) “FDI, Growth and the Environment: Impact on Quality of Life in Malaysia”, Procedia-Social and Behavioral Sciences, 50: 333-342.
  • 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.
  • Kostakis, I., Lolos, S. ve Sardianou, E. (2016) “Foreign Direct Investment and Environmental Degradation: Further Evidence from Brazil and Singapore”, University Library of Munich, Germany.
  • Lee, C. G. (2009) “Foreign Direct Investment, Pollution and Economic Growth: Evidence from Malaysia”, Applied Economics, 41(13): 1709-1716.
  • Merican, Y. (2007) “Foreign Direct Investment and Pollution in Five Asean Nations”, International Journal of Economics & Management, 1(2): 245-261.
  • Mutafoglu, T. H. (2012) “Foreign Direct Investment, Pollution, and Economic Growth: Evidence from Turkey”, Journal of Developing Societies, 28(3): 281-297.
  • Panayotou, T. (1993) “Empirical Tests and Policy Analysis of Environmental Degradation at Different Stages of Economic” International Labour Organization.
  • Pao, H. T. ve Tsai, C. M. (2010) “CO2 Emissions, Energy Consumption and Economic Growth in BRIC Countries”, Energy Policy, 38(12): 7850-7860.
  • Ren, S., Yuan, B., Ma, X. ve Chen, X. (2014) “International Trade, FDI (Foreign Direct Investment) and Embodied CO2 Emissions: A Case Study of Chinas Industrial Sectors”, China Economic Review, 28: 123-134.
  • Tamazian, A., Chousa, J. P., & Vadlamannati, K. C. (2009) “Does Higher Economic and Financial Development Lead to Environmental Degradation: Evidence from BRIC Countries”, Energy Policy, 37(1): 246-253.
  • Tang, C. F. ve Tan, B. W. (2015) “The Impact of Energy Consumption, Income and Foreign Direct Investment on Carbon Dioxide Emissions in Vietnam”, Energy, 79: 447-454.
  • Taylor, M. S. (2004) “Unbundling the Pollution Haven Hypothesis”, Advances in Economic Analysis & Policy, 3(2): 1-26.
  • Taylor, M. S. ve Brock, W. A. (2004) “Economic Growth and the Environment: A Review of Theory and Empirics”, National Bureau of Economic Research, Working Paper 10854: 1-59.
  • Zarsky, L. (1999) “Havens, Halos and Spaghetti: Untangling the Evidence about Foreign Direct Investment and the Environment”, Foreign Direct Investment and the Environment, 13(8): 47-74.
  • Zhang, C., ve Zhou, X. (2016) “Does Foreign Direct Investment Lead to Lower CO2 Emissions? Evidence from a Regional Analysis in China”, Renewable and Sustainable Energy Reviews, 58: 943-951.

THE EFFECT OF FOREIGN DIRECT INVESTMENTS ON ENVIRONMENTAL POLLUTION

Year 2018, Volume: 16 Issue: 3, 178 - 191, 30.09.2018
https://doi.org/10.11611/yead.377182

Abstract

This study investigates the impact of foreign direct investment on environmental quality for 102 countries over the period of 2000-2015. Based on the World Bank country classification, three different pollution indicators (carbon dioxide-CO2, nitrogen dioxide-NO2and total greenhouse gas-GGAS) were included in the analysis for four groups of countries (low, low-middle income, upper-middle income and high income). Generalized Moments Method developed by Arellona & Bond (1991) was applied. In the study, it is aimed to investigate two important theorical approaches: (i) “pollution haven hypothesis”, which means that foreign direct investment increases environmental pollution. (ii) “pollution halo hypothesis” which means that foreign direct investment has a benefical effect on environmental quality. Findings from the study show that pollution haven hypothesis is valid for low income countries, while pollution halo hypothesis is valid for low-middle income, upper-middle income and high income countries

References

  • Acharyya, J. (2009) “FDI, Growth and the Environment: Evidence from India on CO2 Emission during the Last Two Decades”, Journal of Economic Development, 34(1): 43-58.
  • Al-mulali, U. (2012) “Factors Affecting CO2 Emission in the Middle East: A Panel Data Analysis”, Energy, 44(1): 564-569.
  • Al-mulali, U. ve Tang, C. F. (2013) “Investigating the Validity of Pollution Haven Hypothesis in the Gulf Cooperation Council (GCC) Countries”, Energy Policy, 60: 813-819.
  • Arellano, M. ve Bond, S. (1991) “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”, The Review of Economic Studies, 58(2): 277-297.
  • Asghari, M. (2013) “Does FDI Promote MENA Region’s Environment Quality? Pollution Halo or Pollution Haven Hypothesis”, Int J Sci Res Environ Sci, 1(6): 92-100.
  • Cole, M. A. (2004). “Trade, the Pollution Haven Hypothesis and the Environmental Kuznets Curve: Examining the Linkages”, Ecological economics, 48(1): 71-81.
  • Cole, M. A., Elliott, R. J. ve Zhang, J. (2011) “Growth, Foreign Direct Investment, and the Environment: Evidence from Chinese Cities”, Journal of Regional Science, 51(1): 121-138.
  • Dean, J. M. (2002) “Does Trade Liberalization Harm the Environment? A New Test”, The Canadian Journal of Economics, 35 (4): 819-842.
  • Grossman, G. M. ve Krueger, A. B. (1991) “Environmental Impacts of a North American Free Trade Agreement”, National Bureau of Economic Research, Working Paper No. 3914: 1-39.
  • Greene, W. (2002), “Econometric Analysis”, Fifth Edition, Pearson Education: New Jersey.
  • Hitam, M. B. ve Borhan, H. B. (2012) “FDI, Growth and the Environment: Impact on Quality of Life in Malaysia”, Procedia-Social and Behavioral Sciences, 50: 333-342.
  • 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.
  • Kostakis, I., Lolos, S. ve Sardianou, E. (2016) “Foreign Direct Investment and Environmental Degradation: Further Evidence from Brazil and Singapore”, University Library of Munich, Germany.
  • Lee, C. G. (2009) “Foreign Direct Investment, Pollution and Economic Growth: Evidence from Malaysia”, Applied Economics, 41(13): 1709-1716.
  • Merican, Y. (2007) “Foreign Direct Investment and Pollution in Five Asean Nations”, International Journal of Economics & Management, 1(2): 245-261.
  • Mutafoglu, T. H. (2012) “Foreign Direct Investment, Pollution, and Economic Growth: Evidence from Turkey”, Journal of Developing Societies, 28(3): 281-297.
  • Panayotou, T. (1993) “Empirical Tests and Policy Analysis of Environmental Degradation at Different Stages of Economic” International Labour Organization.
  • Pao, H. T. ve Tsai, C. M. (2010) “CO2 Emissions, Energy Consumption and Economic Growth in BRIC Countries”, Energy Policy, 38(12): 7850-7860.
  • Ren, S., Yuan, B., Ma, X. ve Chen, X. (2014) “International Trade, FDI (Foreign Direct Investment) and Embodied CO2 Emissions: A Case Study of Chinas Industrial Sectors”, China Economic Review, 28: 123-134.
  • Tamazian, A., Chousa, J. P., & Vadlamannati, K. C. (2009) “Does Higher Economic and Financial Development Lead to Environmental Degradation: Evidence from BRIC Countries”, Energy Policy, 37(1): 246-253.
  • Tang, C. F. ve Tan, B. W. (2015) “The Impact of Energy Consumption, Income and Foreign Direct Investment on Carbon Dioxide Emissions in Vietnam”, Energy, 79: 447-454.
  • Taylor, M. S. (2004) “Unbundling the Pollution Haven Hypothesis”, Advances in Economic Analysis & Policy, 3(2): 1-26.
  • Taylor, M. S. ve Brock, W. A. (2004) “Economic Growth and the Environment: A Review of Theory and Empirics”, National Bureau of Economic Research, Working Paper 10854: 1-59.
  • Zarsky, L. (1999) “Havens, Halos and Spaghetti: Untangling the Evidence about Foreign Direct Investment and the Environment”, Foreign Direct Investment and the Environment, 13(8): 47-74.
  • Zhang, C., ve Zhou, X. (2016) “Does Foreign Direct Investment Lead to Lower CO2 Emissions? Evidence from a Regional Analysis in China”, Renewable and Sustainable Energy Reviews, 58: 943-951.
There are 25 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Faruk Mike 0000-0002-9194-1679

Ahmet Kardaşlar This is me 0000-0001-7411-536X

Publication Date September 30, 2018
Published in Issue Year 2018 Volume: 16 Issue: 3

Cite

APA Mike, F., & Kardaşlar, A. (2018). DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ. Yönetim Ve Ekonomi Araştırmaları Dergisi, 16(3), 178-191. https://doi.org/10.11611/yead.377182
AMA Mike F, Kardaşlar A. DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ. Yönetim ve Ekonomi Araştırmaları Dergisi. September 2018;16(3):178-191. doi:10.11611/yead.377182
Chicago Mike, Faruk, and Ahmet Kardaşlar. “DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ”. Yönetim Ve Ekonomi Araştırmaları Dergisi 16, no. 3 (September 2018): 178-91. https://doi.org/10.11611/yead.377182.
EndNote Mike F, Kardaşlar A (September 1, 2018) DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ. Yönetim ve Ekonomi Araştırmaları Dergisi 16 3 178–191.
IEEE F. Mike and A. Kardaşlar, “DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ”, Yönetim ve Ekonomi Araştırmaları Dergisi, vol. 16, no. 3, pp. 178–191, 2018, doi: 10.11611/yead.377182.
ISNAD Mike, Faruk - Kardaşlar, Ahmet. “DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ”. Yönetim ve Ekonomi Araştırmaları Dergisi 16/3 (September 2018), 178-191. https://doi.org/10.11611/yead.377182.
JAMA Mike F, Kardaşlar A. DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ. Yönetim ve Ekonomi Araştırmaları Dergisi. 2018;16:178–191.
MLA Mike, Faruk and Ahmet Kardaşlar. “DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ”. Yönetim Ve Ekonomi Araştırmaları Dergisi, vol. 16, no. 3, 2018, pp. 178-91, doi:10.11611/yead.377182.
Vancouver Mike F, Kardaşlar A. DOĞRUDAN YABANCI SERMAYE YATIRIMLARININ ÇEVRE KİRLİLİĞİ ÜZERİNE ETKİSİ. Yönetim ve Ekonomi Araştırmaları Dergisi. 2018;16(3):178-91.

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