The Relationship Between Foreign Direct Investments and CO2 Emissions: An Analysis on the OECD Countries

Öz

Climate change is one of the most discussed topics of recent years in terms of its effects on the environment and therefore human life. One of the main causes of climate change is that CO2 emissions conduce to greenhouse effect. A significant part of CO2 emissions are due to economic activity. One of the economic activities in question is foreign direct investments to the a country that make from other countries. The aim of this study is to empirically investigate the causality relationship between foreign direct investments and carbon dioxide (CO2) emissions. The study was conducted in a panel of 35 OECD countries for the period 1996-2018. The main method of the study is Dumitrescu Hurlin Causality Analysis One of the main findings of the study is that there is no causality relationship with foreign direct investments, economic growth and population CO2 emissions, however, there is a one-way relationship from renewable energy consumption to CO2 emissions. Another important conclusion from the study is that CO2 emissions are the cause of its vulnerability to climate change.

Anahtar Kelimeler

• Foreign Direct Investments
• CO2 Emissions
• Climate Change

Doğrudan Yabancı Yatırımlar ve CO2 Emisyonları İlişkisi: OECD Ülke Grubu Üzerine Bir Analiz

Öz

İklim değişikliği çevreye ve dolayısıyla insan yaşamına etkileri bakımından son yılların en çok tartışılmakta olan konuları arasında yer almaktadır. İklim değişikliğinin temel nedenlerinden biri CO2 emisyonlarının sera etkisi yaratmasıdır. CO2 emisyonlarının önemli bir kısmı ekonomik faaliyetlerden kaynaklanmaktadır. Çeşitlilik göstermekle birlikte bu ekonomik faaliyetlerin kaynaklarından biri, bir ülkeye başka ülkelerden yapılan doğrudan yabancı yatırımlardır (DYY). Bu çalışmanın amacı doğrudan yabancı yatırımlar ile karbondioksit (CO2) emisyonları arasındaki nedensellik ilişkisinin ampirik olarak araştırılmasıdır. Çalışma 35 OECD ülkesinden oluşan panelde 1996-2018 dönemi için yapılmıştır. Çalışmanın temel yöntemi Dumitrescu-Hurlin Nedensellik Analizi’dir. Bu analizden elde edilen temel bulguların başında doğrudan yabancı yatırımlar, ekonomik büyüme ve nüfusun, CO2 emisyonları ile herhangi bir nedensellik ilişkisine sahip olmaması, buna karşın yenilenebilir enerji tüketiminden CO2 emisyonlarına doğru tek yönlü bir ilişkinin olduğu gelmektedir. Çalışmadan çıkan bir diğer önemli sonuç CO2 emisyonlarının iklim değişikliğinin yarattığı risklere karşı savunmasızlığın nedeni olduğudur.

Anahtar Kelimeler

• Doğrudan Yabancı Yatırımlar
• CO2 Emisyonları
• İklim Değişikliği

Kaynakça

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