Unlocking the potential of foreign direct investment to reduce energy intensity.
Developing countries
Energy intensity
Foreign direct investment
Green growth
Technological progress
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Jun 2023
Jun 2023
Historique:
received:
16
02
2023
accepted:
05
05
2023
medline:
28
6
2023
pubmed:
23
5
2023
entrez:
23
5
2023
Statut:
ppublish
Résumé
This study examines the potential of foreign direct investment (FDI) to reduce energy intensity in developing countries between 1996 and 2019. Using a generalized method of moments (GMM) estimator, we investigated the linear and non-linear impact of FDI on energy intensity through the interaction effect of FDI and technological progress (TP). The results reveal that FDI has a positive and significant direct effect on energy intensity, whereas the energy-saving effect is evident through energy-efficient technology transfers. The strength of this effect depends on the level of technological progress in developing countries. The outcomes of the Hausman-Taylor and dynamic panel data estimations corroborated these research findings, and disaggregated data analysis by income groups also provided similar results, signifying the validity of the results. Based on the research findings, policy recommendations are formulated to improve the ability of FDI to reduce energy intensity in developing countries.
Identifiants
pubmed: 37219779
doi: 10.1007/s11356-023-27525-w
pii: 10.1007/s11356-023-27525-w
doi:
Substances chimiques
Carbon Dioxide
142M471B3J
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
75382-75400Informations de copyright
© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
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