The Impact of FDI on Renewable and Non-Renewable Energy Consumption: Does Sectoral Diversity Matter?
Abstract
The most of the previous studies investigating the impact of FDI on total energy consumption have failed to provide a concluding evidence in the literature. Thus, the main objective of this study is to measure the effect of sectoral FDI on renewable and non-renewable energy consumption for five OECD countries by employing panel data method for the period 1985-2012. The study has empirically proved that FDI promotes energy saving technologies in mining and quarrying sector. Yet, we could not find any effect of FDI on energy consumption in manufacturing and financial and intermediation sectors
References
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- Chang, S.-C., (2015). Effects of financial development and income on energy consumption. International Review of Economics & Finance, 35, 28-44.
- Dube, S., (2009). Foreign direct investment and electricity consumption on economic growth: evidence from South Africa. (Economia Internazionale). International Economics, 62 (2), 175-200.
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- Lee, J. W., (2013). The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth. Energy Policy, 55, 483-489.
- Leitão, N.C., (2015). Energy consumption and foreign direct investment: A panel data analysis for Portugal. International Journal of Energy Economics and Policy, 5 (1), 138-147.
- Mert, M & Bölük, G. (2016). The renewable energy, growth and environmental Kuznets curve in Turkey: An ARDL approach. Renewable and Sustainable Energy Reviews, 52, 587- 595.
- Mielnik, O., & Goldemberg, J., (2002). Foreign direct investment and decoupling between energy and gross domestic product in developing countries. Energy Policy, 30, 87-89.
- Sadorsky, P., (2010) The impact of financial development on energy consumption in emerging economies. Energy Policy, 38, 2528-2535.
- Sbia, R., Shahbaz, M., Hamdi, H. (2014). A Contribution of Foreign Direct Investment, Clean Energy, Trade Openness, Carbon Emissions and Economic Growth to Energy Demand in UAE, Economic Modeling, 36, 191-197
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The Impact of FDI on Renewable and Non-Renewable Energy Consumption: Does Sectoral Diversity Matter?
Abstract
References
- Azam, M.,Khan, A.Q., Zaman,K., & Ahmad,M., (2015). Factors determining energy consumption: evidence from Indonesia, Malaysia and Thailand. Renewable and Sustainable Energy Review, 42, 1123-1131.
- Chang, S.-C., (2015). Effects of financial development and income on energy consumption. International Review of Economics & Finance, 35, 28-44.
- Dube, S., (2009). Foreign direct investment and electricity consumption on economic growth: evidence from South Africa. (Economia Internazionale). International Economics, 62 (2), 175-200.
- Foon Tang, C., (2009). Electricity consumption, income, foreign direct investment, and population in Malaysia: new evidence from multivariate framework analysis. Journal of Economic Studies, 36 (4), 371-382.
- He, W., Gao, G., & Wang, Y., (2012). The relationship of energy consumption, economic growth and foreign direct investment in Shanghai. Advances in Applied Economics and Finance, 3 (1), 507-512.
- Hübler, M., & Keller, A., (2010). Energy savings via FDI? Empirical evidence from developing countries. Environment and Development Economics, 15 (01), 59-80.
- Jiang, L., Folmer, H., & Ji, M., (2014). The drivers of energy intensity in China. A spatial panel data approach. China Economic Review, 31, 351-360.
- Lee, J. W., (2013). The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth. Energy Policy, 55, 483-489.
- Leitão, N.C., (2015). Energy consumption and foreign direct investment: A panel data analysis for Portugal. International Journal of Energy Economics and Policy, 5 (1), 138-147.
- Mert, M & Bölük, G. (2016). The renewable energy, growth and environmental Kuznets curve in Turkey: An ARDL approach. Renewable and Sustainable Energy Reviews, 52, 587- 595.
- Mielnik, O., & Goldemberg, J., (2002). Foreign direct investment and decoupling between energy and gross domestic product in developing countries. Energy Policy, 30, 87-89.
- Sadorsky, P., (2010) The impact of financial development on energy consumption in emerging economies. Energy Policy, 38, 2528-2535.
- Sbia, R., Shahbaz, M., Hamdi, H. (2014). A Contribution of Foreign Direct Investment, Clean Energy, Trade Openness, Carbon Emissions and Economic Growth to Energy Demand in UAE, Economic Modeling, 36, 191-197
- Ting, Y., Yin, L.R., &Ying, Z.Y. (2011). Analysis of FDI effect on energy consumption intensity in Jiangsu province. Energy Procedia, 5, 100-105.
There are 14 citations in total.
Details
| Primary Language | English |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | March 1, 2018 |
| Published in Issue | Year 2018 Volume: 4 Issue: 1 |