How are FDI and green recovery related in Southeast Asian economies?

被引:87
|
作者
Thanh Quang Phung [1 ]
Rasoulinezhad, Ehsan [2 ]
Hang Luong Thi Thu [1 ]
机构
[1] Natl Econ Univ, Sch Banking & Finance, Hanoi, Vietnam
[2] Univ Tehran, Fac World Studies, Tehran, Iran
关键词
Green recovery; Fiscal policy development; FDI; The pollution halo hypothesis; GMM approach; Southeast Asia; FOREIGN DIRECT-INVESTMENT; INSTRUMENTAL VARIABLE ESTIMATION; RENEWABLE ENERGY-CONSUMPTION; CO2; EMISSIONS; GROWTH; TRADE; NEXUS; DETERMINANTS; TRANSITION; INFLATION;
D O I
10.1007/s10644-022-09398-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study is to examine how FDI and green economic growth are related in Southeast Asian economies. It also attempts to find out the role of fiscal policy development in the relationship between FDI and green growth in the economies of the region. For this purpose, a dynamic panel threshold model is used for the data over the period 2000-2018. The main results show that FDI has a positive impact on the progress of green growth in these economies, with a stronger impact in the group of Southeast Asian economies with high fiscal development. This result confirms the pollution halo hypothesis, which states that FDI can promote green growth in a country. Aligning economic priorities to improve green fiscal policies, reforming fiscal integration programs, planning for green job creation, and implementing policies to attract FDI are recommended as important policy implications over the COVID-19 period.
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页码:3735 / 3755
页数:21
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