Research Article
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Examining The Relationship of Climate Change with Economic Globalization And FDI: Example Of NICs Countries

Year 2023, Volume: 23 Issue: 1, 661 - 677, 30.03.2023
https://doi.org/10.11616/asbi.1219795

Abstract

The phenomenal growth of international trade on a global scale has increased human activities and capital flows around the world. In this period, foreign direct fixed investments (FDI) from the developed world to developing countries have brought environmental debates with it. In this context, academic interest in the link between climate change and globalization has increased. This research examined the relationship between economic globalization and FDI and climate change in Newly Industrializing Countries (NICs) between 1990-2019 by using the test of Emirmahmutoğlu and Köse (2011). The results revealed that climate change has clear links to economic globalization and FDIs. According to the findings, while there is one-way causality from climate change to FDI to host countries, there is a mutual causality between economic globalization and climate change. When examined based on countries, it was found that the findings differed. The results of the research contain several inferences. It has been shown that climate change has an important role in investments in research countries. It has been observed that the technical development and specialization experienced in the host countries of the FDI has no relationship with climate change.

References

  • Baksh, S., Yin, H. ve Shabir, M. (2021), Foreign Investment and CO2 Emissions: Do Technological Innovation and Institutional Quality Matter? Evidence from System GMM Approach, Environmental Science and Pollution Research, 28, s.19424–19438
  • Barua, S., Colombage, S. ve Valenzuela, E. (2020), Climate Change Impact on Foreign Direct Investment Inflows: A Dynamic Assessment at The Global, Regional and Economic Level, http://dx.doi.org/10.2139/ssrn.3674777
  • BBC (2021), İklim Krizi: Dünyayı En Çok Kirleten Ülkeler, Karbon Emisyonunu Azaltmak İçin Neler Yapıyor? https://www.bbc.com/turkce/haberler-dunya-59088481 (Erişim Tarihi:22.08.2022)
  • Bilal, A., Li, X., Zhu, N., Sharma, R. ve Jahanger, A. (2022), GreenTechnology Innovation,Globalization, and CO2 Emissions:Recent Insights from the OBOR Economies, Sustainability, 14, 236, s.1-17. https://doi.org/10.3390/ su14010236
  • Breusch, T. S. ve Pagan, A. R. (1980), The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics, The Review of Economic Studies, 47(1), Econometrics Issue, s.239-253.
  • Bu, M., Lin, C. T. ve Zhang, B. (2016), Globalization and Climate Change: New Empirical Panel Data Evidence, Journal of Economic Surveys, 30(3), s.577–595.
  • Chen, P., Karavias, Y. ve Tzavalis, E. (2022), Panel Unit Root Tests with Structural Breaks, The Stata Journal,22 (3), s.664-678.
  • Crippa, M., Guizzardi, D., Solazzo, E., Muntean, M., Schaaf, E., Monforti-Ferrario, F., Banja, M., Olivier, J.G.J., Grassi, G., Rossi, S. ve Vignati, E. (2021), GHG Emissions of All World Countries- 2021 Report, EUR 30831 EN, Publications Office of the European Union, Luxembourg, doi:10.2760/173513, JRC126363.
  • Emirmahmutoğlu, F. ve Köse, N. (2011), Testing for Granger Causality in Heterogeneous Mixed Panels, Economic Modelling, 28, s.870–876.
  • Farooq, S., Ozturk, I., Majeed, M. T. ve Akram, R. (2021), Globalization and CO2 Emissions in The Presence of EKC: A Global Panel Data Analysis, Gondwana Research, 106, s.367–378.
  • Demena, B.A. ve Afesorgbor, S. K. (2020), The effect of FDI on Environmental Emissions: Evidence from A Meta-Analysis, Energy Policy, 138, 111192, s.1-17.
  • Demez, S. ve Polat, H. İ. (2021), MINT Ülkelerinde Savunma HarcamalarıvVe Ekonomik Büyüme İlişkisi: Panel Nedensellik Analizi, BMİJ (2021) 9 (3):1032-1044
  • He, F., Chang, K. C., Li, M., Li, X. ve Li, F. (2020), Bootstrap ARDL Test on The Relationship among Trade, FDI, and CO2 Emissions: Based on The Experience of BRICS Countries, Sustainability, 12(3), 1060, s.1-23.
  • Huang, Y., Chen, X., Zhu, H., Huang, C. ve Tian, Z. (2019), The heterogeneous effects of FDI and foreign trade on CO2 emissions: Evidence from China. Hindawi Mathematical Problems in Engineering, https://doi.org/10.1155/2019/9612492, s.1-14.
  • Kalaycı, C. ve Hayaloğlu, P. (2019), The Impact of Economic Globalization on CO2 Emissions: The Case of NAFTA Countries, International Journal of Energy Economics and Policy, 9(1), s.356-360.
  • Karavias, Y., ve Tzavalis, E. (2014), Testing for Unit Roots in Short Panels Allowing for A Structural Break, Computational Statistics & Data Analysis, 76, s.391–407.
  • Lenz, N. V. ve Fajdeti´c, B. (2021), Globalization and GHG emissions in the EU: Do We Need A New Development Paradigm? Sustainability, 13, 9936, s.1-18.
  • Li, X. ve Gallagher, P., K. (2022), Assessing The Climate Change Exposure of Foreign Direct Investment, Nature Communıcations, 13(1451), s.1-9.
  • Liu, M., Ren, X., Cheng, C. ve Wang, Z. (2020), The Role of Globalization in CO2 Emissions: A Semi-Parametric Panel Data Analysis for G7, Science of the Total Environment, 718, 137379, s.1-10.
  • Mahadevan, R. ve Sun, Y. (2020), Effects of Foreign Direct İnvestment on Carbon Emissions: Evidence from China and its Belt and Road Countries, Journal of Environmental Management, 276, 111321, s.1-9.
  • Mert, M. ve Cağlar, A. E. (2020), Testing Pollution Haven and Pollution Halo Hypotheses For Turkey: A New Perspective, Environmental Science and Pollution Research, 27, s.32933–32943.
  • Nasir, M. A., Huynh, T. L. D. ve Tram, H. T. X. (2018), Role of Financial Development, Economic Growth & Foreign Direct Investment in Driving Climate Change: A Case of Emerging ASEAN, Journal of Environmental Management, 242, s.131–141.
  • Pesaran, M.H. (2004), General Diagnostic Tests for Cross Section Dependence in Panels, IZA, Discussion Paper Series, 1240.
  • Pesaran, M. H. (2007), A Simple Panel Unit Root Test in The Presence of Cross-Section Dependence, Journal of Applied Economy, 22, s.265–312.
  • Sarkodie, S. A., Adams, S. ve Leirvik, T. (2020), Foreign Direct Investment and Renewable Energy in Climate Change Mitigation: Does Governance Matter? Journal of Cleaner Production, 263, 121262, s.1-11. https://doi.org/10.1016/j.jclepro.2020.121262
  • Shabaz, M., Nasir, M. A. ve Roubaud, D. (2018), Environmental Degradation in France: The Effects of FDI, Financial Development, and Energy İnnovations, Energy Economics, 74, s.843–857.
  • World Bank (2021), Indicators, https://databank.worldbank.org/source/world-development-indicators. (Erişim Tarihi: 15.09.2021)
  • Tatoğlu, F. Y. (2016), Panel Veri Ekonometrisi, 3. Basım, İstanbul: Beta Basım A. Ş. UN FAO (2021), Data, https://www.fao.org/faostat/en/#data. (Erişim Tarihi: 15.09.2021)
  • Xu, Z., Zhu, Y. ve Yang, Y. (2021), Effect of Precipitation on Location Choice of Foreign Direct Investment in China, Water, 13 (23), 3417, s.1-13.
  • You, W. ve Lv, Z. (2018). Spillover Effects of Economic Globalization on CO2 Emissions: A Spatial Panel Approach, Energy Economics, 73, s.248–257.
  • Zhu, K. ve Jiang, X. (2019), Slowing Down of Globalization And Global CO2 emissions – A Causal or Casual Association? Energy Economics, 84, 104483, s.1-14. https://doi.org/10.1016/j.eneco.2019.104483

İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği

Year 2023, Volume: 23 Issue: 1, 661 - 677, 30.03.2023
https://doi.org/10.11616/asbi.1219795

Abstract

Uluslararası ticaretin küresel boyutta kaydetmiş olduğu olağanüstü büyüme, dünya genelinde insan aktivitelerini ve sermaye akımlarını arttırmıştır. Bu dönemde gelişmiş dünyadan gelişmekte olan ülkelere yapılan doğrudan yabancı sabit yatırımları (DYSY), beraberinde çevresel tartışmaları da getirmiştir. Bu bağlamda iklim değişikliği ve küreselleşme bağlantısına olan akademik ilgi son dönemde artmıştır. Bu araştırma 1990-2019 arasında Yeni Sanayileşen Ülkelerde (NIC) ekonomik küreselleşme, DYSY’ler ile iklim değişikliği ilişkisini Emirmahmutoğlu ve Köse (2011) testi kullanarak incelemiştir. Sonuçlar, iklim değişikliğinin ekonomik küreselleşme ve DYSY’lerle belirgin bağlantıları olduğunu ortaya koymuştur. Bulgulara göre iklim değişikliğinden ev sahibi ülkelere yapılan DYSY’lere doğru tek yönlü nedensellik söz konusuyken, ekonomik küreselleşmeyle iklim değişikliği arasında karşılıklı bir nedensellik bulunmaktadır. Ülkeler bazında incelendiğinde, bulguların farklılık gösterdiği tespit edilmiştir. Araştırma sonuçları bir takım çıkarımlar içermektedir. İklim değişikliğinin araştırma ülkelerine yapılan yatırımlarda önemli bir rolü olduğu ortaya konulmuştur. Aksine DYSY’lere bağlı ev sahibi ülkelerde yaşanan teknik gelişme ve uzmanlaşmanın, iklim değişikliğiyle arasında herhangi bir İlişkisi olmadığı gözlemlenmiştir.

References

  • Baksh, S., Yin, H. ve Shabir, M. (2021), Foreign Investment and CO2 Emissions: Do Technological Innovation and Institutional Quality Matter? Evidence from System GMM Approach, Environmental Science and Pollution Research, 28, s.19424–19438
  • Barua, S., Colombage, S. ve Valenzuela, E. (2020), Climate Change Impact on Foreign Direct Investment Inflows: A Dynamic Assessment at The Global, Regional and Economic Level, http://dx.doi.org/10.2139/ssrn.3674777
  • BBC (2021), İklim Krizi: Dünyayı En Çok Kirleten Ülkeler, Karbon Emisyonunu Azaltmak İçin Neler Yapıyor? https://www.bbc.com/turkce/haberler-dunya-59088481 (Erişim Tarihi:22.08.2022)
  • Bilal, A., Li, X., Zhu, N., Sharma, R. ve Jahanger, A. (2022), GreenTechnology Innovation,Globalization, and CO2 Emissions:Recent Insights from the OBOR Economies, Sustainability, 14, 236, s.1-17. https://doi.org/10.3390/ su14010236
  • Breusch, T. S. ve Pagan, A. R. (1980), The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics, The Review of Economic Studies, 47(1), Econometrics Issue, s.239-253.
  • Bu, M., Lin, C. T. ve Zhang, B. (2016), Globalization and Climate Change: New Empirical Panel Data Evidence, Journal of Economic Surveys, 30(3), s.577–595.
  • Chen, P., Karavias, Y. ve Tzavalis, E. (2022), Panel Unit Root Tests with Structural Breaks, The Stata Journal,22 (3), s.664-678.
  • Crippa, M., Guizzardi, D., Solazzo, E., Muntean, M., Schaaf, E., Monforti-Ferrario, F., Banja, M., Olivier, J.G.J., Grassi, G., Rossi, S. ve Vignati, E. (2021), GHG Emissions of All World Countries- 2021 Report, EUR 30831 EN, Publications Office of the European Union, Luxembourg, doi:10.2760/173513, JRC126363.
  • Emirmahmutoğlu, F. ve Köse, N. (2011), Testing for Granger Causality in Heterogeneous Mixed Panels, Economic Modelling, 28, s.870–876.
  • Farooq, S., Ozturk, I., Majeed, M. T. ve Akram, R. (2021), Globalization and CO2 Emissions in The Presence of EKC: A Global Panel Data Analysis, Gondwana Research, 106, s.367–378.
  • Demena, B.A. ve Afesorgbor, S. K. (2020), The effect of FDI on Environmental Emissions: Evidence from A Meta-Analysis, Energy Policy, 138, 111192, s.1-17.
  • Demez, S. ve Polat, H. İ. (2021), MINT Ülkelerinde Savunma HarcamalarıvVe Ekonomik Büyüme İlişkisi: Panel Nedensellik Analizi, BMİJ (2021) 9 (3):1032-1044
  • He, F., Chang, K. C., Li, M., Li, X. ve Li, F. (2020), Bootstrap ARDL Test on The Relationship among Trade, FDI, and CO2 Emissions: Based on The Experience of BRICS Countries, Sustainability, 12(3), 1060, s.1-23.
  • Huang, Y., Chen, X., Zhu, H., Huang, C. ve Tian, Z. (2019), The heterogeneous effects of FDI and foreign trade on CO2 emissions: Evidence from China. Hindawi Mathematical Problems in Engineering, https://doi.org/10.1155/2019/9612492, s.1-14.
  • Kalaycı, C. ve Hayaloğlu, P. (2019), The Impact of Economic Globalization on CO2 Emissions: The Case of NAFTA Countries, International Journal of Energy Economics and Policy, 9(1), s.356-360.
  • Karavias, Y., ve Tzavalis, E. (2014), Testing for Unit Roots in Short Panels Allowing for A Structural Break, Computational Statistics & Data Analysis, 76, s.391–407.
  • Lenz, N. V. ve Fajdeti´c, B. (2021), Globalization and GHG emissions in the EU: Do We Need A New Development Paradigm? Sustainability, 13, 9936, s.1-18.
  • Li, X. ve Gallagher, P., K. (2022), Assessing The Climate Change Exposure of Foreign Direct Investment, Nature Communıcations, 13(1451), s.1-9.
  • Liu, M., Ren, X., Cheng, C. ve Wang, Z. (2020), The Role of Globalization in CO2 Emissions: A Semi-Parametric Panel Data Analysis for G7, Science of the Total Environment, 718, 137379, s.1-10.
  • Mahadevan, R. ve Sun, Y. (2020), Effects of Foreign Direct İnvestment on Carbon Emissions: Evidence from China and its Belt and Road Countries, Journal of Environmental Management, 276, 111321, s.1-9.
  • Mert, M. ve Cağlar, A. E. (2020), Testing Pollution Haven and Pollution Halo Hypotheses For Turkey: A New Perspective, Environmental Science and Pollution Research, 27, s.32933–32943.
  • Nasir, M. A., Huynh, T. L. D. ve Tram, H. T. X. (2018), Role of Financial Development, Economic Growth & Foreign Direct Investment in Driving Climate Change: A Case of Emerging ASEAN, Journal of Environmental Management, 242, s.131–141.
  • Pesaran, M.H. (2004), General Diagnostic Tests for Cross Section Dependence in Panels, IZA, Discussion Paper Series, 1240.
  • Pesaran, M. H. (2007), A Simple Panel Unit Root Test in The Presence of Cross-Section Dependence, Journal of Applied Economy, 22, s.265–312.
  • Sarkodie, S. A., Adams, S. ve Leirvik, T. (2020), Foreign Direct Investment and Renewable Energy in Climate Change Mitigation: Does Governance Matter? Journal of Cleaner Production, 263, 121262, s.1-11. https://doi.org/10.1016/j.jclepro.2020.121262
  • Shabaz, M., Nasir, M. A. ve Roubaud, D. (2018), Environmental Degradation in France: The Effects of FDI, Financial Development, and Energy İnnovations, Energy Economics, 74, s.843–857.
  • World Bank (2021), Indicators, https://databank.worldbank.org/source/world-development-indicators. (Erişim Tarihi: 15.09.2021)
  • Tatoğlu, F. Y. (2016), Panel Veri Ekonometrisi, 3. Basım, İstanbul: Beta Basım A. Ş. UN FAO (2021), Data, https://www.fao.org/faostat/en/#data. (Erişim Tarihi: 15.09.2021)
  • Xu, Z., Zhu, Y. ve Yang, Y. (2021), Effect of Precipitation on Location Choice of Foreign Direct Investment in China, Water, 13 (23), 3417, s.1-13.
  • You, W. ve Lv, Z. (2018). Spillover Effects of Economic Globalization on CO2 Emissions: A Spatial Panel Approach, Energy Economics, 73, s.248–257.
  • Zhu, K. ve Jiang, X. (2019), Slowing Down of Globalization And Global CO2 emissions – A Causal or Casual Association? Energy Economics, 84, 104483, s.1-14. https://doi.org/10.1016/j.eneco.2019.104483
There are 31 citations in total.

Details

Primary Language Turkish
Journal Section Research Articles
Authors

Kübra Gül 0000-0001-9845-0082

Hikmet Akyol 0000-0001-9119-7416

Early Pub Date March 30, 2023
Publication Date March 30, 2023
Submission Date December 15, 2022
Published in Issue Year 2023 Volume: 23 Issue: 1

Cite

APA Gül, K., & Akyol, H. (2023). İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği. Abant Sosyal Bilimler Dergisi, 23(1), 661-677. https://doi.org/10.11616/asbi.1219795
AMA Gül K, Akyol H. İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği. ASBİ. March 2023;23(1):661-677. doi:10.11616/asbi.1219795
Chicago Gül, Kübra, and Hikmet Akyol. “İklim Değişikliğinin Ekonomik Küreselleşme Ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği”. Abant Sosyal Bilimler Dergisi 23, no. 1 (March 2023): 661-77. https://doi.org/10.11616/asbi.1219795.
EndNote Gül K, Akyol H (March 1, 2023) İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği. Abant Sosyal Bilimler Dergisi 23 1 661–677.
IEEE K. Gül and H. Akyol, “İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği”, ASBİ, vol. 23, no. 1, pp. 661–677, 2023, doi: 10.11616/asbi.1219795.
ISNAD Gül, Kübra - Akyol, Hikmet. “İklim Değişikliğinin Ekonomik Küreselleşme Ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği”. Abant Sosyal Bilimler Dergisi 23/1 (March 2023), 661-677. https://doi.org/10.11616/asbi.1219795.
JAMA Gül K, Akyol H. İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği. ASBİ. 2023;23:661–677.
MLA Gül, Kübra and Hikmet Akyol. “İklim Değişikliğinin Ekonomik Küreselleşme Ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği”. Abant Sosyal Bilimler Dergisi, vol. 23, no. 1, 2023, pp. 661-77, doi:10.11616/asbi.1219795.
Vancouver Gül K, Akyol H. İklim Değişikliğinin Ekonomik Küreselleşme ve DYSY’ler İle Olan İlişkisinin İncelenmesi: NIC Ülkeleri Örneği. ASBİ. 2023;23(1):661-77.