Testing the validity of the pollution haven hypothesis for regionally leading emerging economies

Year 2021, Volume: 14 Issue: 4, 1307 - 1327, 13.10.2021

Özge Demiral , Mehmet Demiral

https://doi.org/10.25287/ohuiibf.864956

Abstract

This study tests the validity of the Pollution Haven Hypothesis (PHH) for the case of six emerging industrial economies with a relatively higher competitive industrial performance compared to the other developing countries in their region. The sampled countries are China (East Asia), Poland (Europe), Mexico (Latin America), India (South Asia), South Africa (Africa), and Turkey (Europe and the Middle East). The study adopts a Revealed Comparative Advantage (RCA) approach to the Pollution-Intensive Industrial Products (PIIPs) and differs from many relevant studies by grouping PIIPs and distinguishing a wide range set of factors between those that directly affect the RCA in PIIPs and those that have indirect effects through attracting Foreign Direct Investment (FDI). Estimations of random-effects models over the period 1995-2018 provide weak support for the validity of PHH: Despite inward FDI stocks are positively associated with the RCA indices of higher polluting industries, the environmental policy elasticity of inward FDI stocks is slight and insignificant. The study argues that the evidence of the PHH may change over proxies, measurements, model construction, and (more importantly) the classification of PIIPs that should be considered by future studies while analyzing the PHH.

Keywords

Pollution-intensive industrial product, Pollution haven hypothesis, Foreign direct investment, Revealed comparative advantage, Emerging industrial economies

Bölgesel önde gelen yükselen ekonomiler için kirlilik sığınağı hipotezinin geçerliliğinin testi

Abstract

Bu çalışma, Kirlilik Sığınağı Hipotezi (KSH)’nin geçerliliğini, bölgelerindeki diğer gelişmekte olan ülkelere kıyasla daha yüksek rekabetçi sanayi performansına sahip altı yükselen sanayi ekonomisi için test etmektedir. Çalışmanın örneklemini Çin (Doğu Asya), Polonya (Avrupa), Meksika (Latin Amerika), Hindistan (Güney Asya), Güney Afrika (Afrika) ve Türkiye (Avrupa ve Orta Doğu) oluşturmaktadır. Kirlilik-Yoğun Sanayi Ürünlerindeki (KYSÜ) rekabetçilik performansını açıklanmış karşılaştırmalı üstünlük yaklaşımıyla belirleyen çalışma, KYSÜ’leri kirlilik yoğunlukları bakımından gruplayarak çok sayıda faktörü KYSÜ’lerdeki karşılaştırmalı üstünlükleri doğrudan ve dolaylı (Doğrudan Yabancı Sermaye Yatırımları (DYY)’nı çekerek) etkileyen faktörler olarak ayırması bakımından daha önceki çalışmaların çoğundan farklılaşmaktadır. 1995-2018 dönemi için tesadüfi-etkiler model tahminleri, KSH’nin geçerliliğini zayıf bir biçimde desteklemektedir: Her ne kadar yurtiçine gelen DYY stokları yüksek kirliliğe sahip sanayiler için hesaplanan açıklanmış karşılaştırmalı üstünlük endeksleri ile pozitif ilişkide olsa da DYY stoklarının çevre politikaları esnekliği düşük ve istatistiki olarak anlamsız bulunmuştur. Çalışma, KSH bulgularının gösterge değişkenlere, bu değişkenlerin ölçümlerine, model kurgularına ve (daha önemlisi) KYSÜ’lerin kirlilik yoğunlukları bakımından sınıflandırılmasına bağlı olarak değişebileceğini, bu nedenle KSH’yi test edecek ileriki çalışmaların bu hususları dikkate almaları gerektiğini ortaya koymaktadır.

Keywords

Kirlilik-yoğun sanayi ürünü, Kirlilik sığınağı hipotezi, Doğrudan yabancı yatırım, Açıklanmış karşılaştırmalı üstünlük, Yükselen sanayi ekonomileri

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