Foreign Direct Investment, Clean Development Mechanism, and Environmental Management: A case of Sub-Saharan Africa
Kivyiro, Pendo Teresia (2015-05-29)
Väitöskirja
Kivyiro, Pendo Teresia
29.05.2015
Lappeenranta University of Technology
Acta Universitatis Lappeenrantaensis
Julkaisun pysyvä osoite on
https://urn.fi/URN:ISBN:978-952-265-787-9
https://urn.fi/URN:ISBN:978-952-265-787-9
Tiivistelmä
This doctoral dissertation explores the contribution of environmental management practices,
the so-called clean development mechanism (CDM) projects, and foreign direct investment
(FDI) in achieving sustainable development in developing countries, particularly in Sub-
Saharan Africa. Because the climate change caused by greenhouse gas emissions is one of
the most serious global environmental challenges, the main focus is on the causal links
between carbon dioxide (CO2) emissions, energy consumption, and economic development
in Sub-Saharan Africa. In addition, the dissertation investigates the factors that have affected
the distribution of CDM projects in developing countries and the relationships between FDI
and other macroeconomic variables of interest.
The main contribution of the dissertation is empirical. One of the publications uses crosssectional
data and Tobit and Poisson regressions. Three of the studies use time-series data
and vector autoregressive and vector error correction models, while two publications use
panel data and panel data estimation methods. One of the publications uses thus both timeseries
and panel data. The concept of Granger causality is utilized in four of the publications.
The results indicate that there are significant differences in the Granger causality
relationships between CO2 emissions, energy consumption, economic growth, and FDI in
different countries. It appears also that the causality relationships change over time.
Furthermore, the results support the environmental Kuznets curve hypothesis but only for
some of the countries. As to CDM activities, past emission levels, institutional quality, and
the size of the host country appear to be among the significant determinants of the distribution
of CDM projects. FDI and exports are also found to be significant determinants of economic
growth.
the so-called clean development mechanism (CDM) projects, and foreign direct investment
(FDI) in achieving sustainable development in developing countries, particularly in Sub-
Saharan Africa. Because the climate change caused by greenhouse gas emissions is one of
the most serious global environmental challenges, the main focus is on the causal links
between carbon dioxide (CO2) emissions, energy consumption, and economic development
in Sub-Saharan Africa. In addition, the dissertation investigates the factors that have affected
the distribution of CDM projects in developing countries and the relationships between FDI
and other macroeconomic variables of interest.
The main contribution of the dissertation is empirical. One of the publications uses crosssectional
data and Tobit and Poisson regressions. Three of the studies use time-series data
and vector autoregressive and vector error correction models, while two publications use
panel data and panel data estimation methods. One of the publications uses thus both timeseries
and panel data. The concept of Granger causality is utilized in four of the publications.
The results indicate that there are significant differences in the Granger causality
relationships between CO2 emissions, energy consumption, economic growth, and FDI in
different countries. It appears also that the causality relationships change over time.
Furthermore, the results support the environmental Kuznets curve hypothesis but only for
some of the countries. As to CDM activities, past emission levels, institutional quality, and
the size of the host country appear to be among the significant determinants of the distribution
of CDM projects. FDI and exports are also found to be significant determinants of economic
growth.
Kokoelmat
- Väitöskirjat [1100]