A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The Effect of FDI on Environmental Degradation in Romania: Testing the Pollution Haven Hypothesis
The study examines the relationship between CO emissions, trade openness, GDP growth and foreign direct investment (FDI) in Romania. The research aims to provide empirical evidence for either the pollution haven hypothesis (PHH) or the pollution halo effect (PHE). The pollution haven hypothesis suggests that countries with weaker environmental regulations and lower environmental quality are more attractive to FDI, while the pollution halo effect posits that countries with high levels of environmental protection and quality can generate positive spillover effects for FDI. The findings suggest a significant relationship between CO emissions, GDP growth and FDI inflows, with GDP growth having a greater effect on FDI than CO emissions. GDP growth has a causal effect on CO emissions, while CO emissions have a causal effect on FDI. These findings have important policy implications, as they highlight the interplay between economic growth, environmental degradation, and foreign investment. Policies aimed at reducing emissions must be comprehensive and coordinated in order to achieve significant emissions reductions and strike a balance between economic growth and environmental protection.
The Effect of FDI on Environmental Degradation in Romania: Testing the Pollution Haven Hypothesis
The study examines the relationship between CO emissions, trade openness, GDP growth and foreign direct investment (FDI) in Romania. The research aims to provide empirical evidence for either the pollution haven hypothesis (PHH) or the pollution halo effect (PHE). The pollution haven hypothesis suggests that countries with weaker environmental regulations and lower environmental quality are more attractive to FDI, while the pollution halo effect posits that countries with high levels of environmental protection and quality can generate positive spillover effects for FDI. The findings suggest a significant relationship between CO emissions, GDP growth and FDI inflows, with GDP growth having a greater effect on FDI than CO emissions. GDP growth has a causal effect on CO emissions, while CO emissions have a causal effect on FDI. These findings have important policy implications, as they highlight the interplay between economic growth, environmental degradation, and foreign investment. Policies aimed at reducing emissions must be comprehensive and coordinated in order to achieve significant emissions reductions and strike a balance between economic growth and environmental protection.
The Effect of FDI on Environmental Degradation in Romania: Testing the Pollution Haven Hypothesis
Alexandru Chiriluș (author) / Adrian Costea (author)
2023
Article (Journal)
Electronic Resource
Unknown
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