Vietnam-the Netherlands Economics Program, Ho Chi Minh City 700000, Vietnam.
International Economics Faculty, Banking University, Ho Chi Minh City 700000, Vietnam.
Int J Environ Res Public Health. 2019 May 10;16(9):1636. doi: 10.3390/ijerph16091636.
This study is conducted to examine the concerns of the foreign direct investment (FDI) causing environment degradation and also to test the validity of the traditional Environmental Kuznets Curve (EKC) in the context of emerging markets in the Asian region. Data of these countries from 1980-2016 are utilised. This study employs panel cointegration Fully Modified Ordinary Least Squares (FMOLS), which treats the endogeneity problem, and its estimators are adjusted for serial correlation. Moreover, this study also uses panel Dynamic Ordinary Least Squares (DOLS), which includes contemporaneous value, leads and, lags of the first difference of the regressors to correct endogeneity problems and serial correlations. Findings from this study indicate that the pollution heaven hypothesis and the EKC curve are generally valid in the region. In addition, FDI has a strong impact on the environment.
本研究旨在考察外国直接投资（FDI）导致环境恶化的问题，并检验环境库兹涅茨曲线（EKC）在亚洲新兴市场背景下的有效性。本研究使用了这些国家 1980-2016 年的数据。该研究采用面板协整全最小二乘法（FMOLS），该方法可以解决内生性问题，其估计量可以调整序列相关性。此外，本研究还使用面板动态最小二乘法（DOLS），它包括回归变量的同期值、领先值和滞后值的一阶差分，以纠正内生性问题和序列相关性。研究结果表明，污染天堂假说和 EKC 曲线在该地区普遍成立。此外，FDI 对环境有强烈的影响。
