The Impact of FDI on Carbon Emissions and Renewable Energy Consumption in China: An Industry Level Analysis
- Alternative Title
- 중국의 탄소 배출량과 재생 에너지 소비에 대한 외국인 직접 투자의 영향: 산업수준 분석
- Abstract
- This research examined the relationship between foreign direct investment (FDI) inflows, carbon emissions, and renewable energy consumption based on industry level in China for 1997-2018 using the ARDL model. It intends to explore the effect of FDI on carbon emissions and the relationship between FDI and renewable energy consumption in different industries. The research did an empirical analysis, including the primary industry, the secondary industry, and the tertiary industry. Furthermore, the research analyzed the sub-industries, such as industry, transport, residential and commercial and public services. Therefore, the research applied the Augmented Dickey-Fuller (ADF) test for the unit root. After identifying that all variables are integrated into I (0) or I (1), the research used the ARDL model to prove the relationship between FDI, carbon emissions, and renewable energy consumption for the long run and the short run. Furtherly, the Toda Yamamoto causality test identified the causal relationship between variables. The research results showed that the increase of FDI caused the increase of carbon emission in the secondary industry, industry, transport, commercial and public services. In addition, with the increase of FDI, renewable energy consumption will increase in the primary industry, the secondary industry, industry, and transport. Nevertheless, with the increase of FDI, renewable energy consumption will decrease in the tertiary and residential industries.
- Issued Date
- 2021
- Awarded Date
- 2021. 8
- Type
- Dissertation
- Keyword
- Low-carbon emissions Foreign direct investment (FDI) inflows Renewable energy consumption Industry level
- Publisher
- 부경대학교
- Affiliation
- 부경대학교 대학원
- Department
- 대학원 글로벌지역학과
- Advisor
- Utai Uprasen
- Table Of Contents
- Chapter One: Introduction 1
1.1 Background 1
1.2 The significance of this research 5
1.3 Research hypothesis 7
1.4 Research questions 7
1.5 Research objectives 8
Chapter Two: FDI, carbon emissions, and renewable energy consumption in China 9
2.1 China's carbon emissions 9
2.2 China' foreign direct investment inflows 12
2.3 China's renewable energy consumption 15
Chapter Three: Literature review 18
3.1 Nexus of FDI and carbon emissions 18
3.2 Nexus of FDI and renewable energy consumption 24
Chapter Four: Theory and methodology 28
4.1 Theorical statements 28
4.2 Model specification 30
4.3 The empirical model: ARDL 34
4.3.1 The long run estimation model 36
4.3.2 The short run estimation model 36
4.4. Toda Yamamoto causality test 37
4.5. Data and source 39
Chapter Five: Empirical results 45
5.1 The examination for the nexus of FDI and carbon emissions 46
5.1.1 The ADF test for unit root 46
5.1.2 The bounds test 49
5.1.3 The long-run relationship estimation 51
5.1.4 The short-run relationship estimation 54
5.1.5 The Toda Yamamoto causality test 56
5.1.6 Diagnostic test 60
5.2 The examination for the nexus of FDI and renewable energy consumption 68
5.2.1 The ADF test for unit root 68
5.2.2 The bounds test 70
5.2.3 The long-run relationship estimation 72
5.2.4 The short-run relationship estimation 75
5.2.5 The Toda Yamamoto causality test 78
5.2.6 Diagnostic test 81
5.3 Discussion of empirical results 88
Chapter Six: Conclusion and policy implication 92
6.1 Conclusion 92
6.2 Policy implication 97
6.3 Limitation of the research 98
References 99
Appendix 109
- Degree
- Master
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