Tergu Clare Teroviel, Zhang Jin, Li Jinkai
Department of Management Science and Engineering, Zhengzhou University, China.
Center for Energy, Environment & Economy Research, Zhengzhou University, China.
Heliyon. 2024 Oct 18;10(20):e39454. doi: 10.1016/j.heliyon.2024.e39454. eCollection 2024 Oct 30.
This paper investigates the efficacy of foreign direct investment (FDI) and governance quality in reducing the adverse impact of CO emissions in Ghana. To achieve this aim, panel data for the independent and control variables spanning from 2000 to 2022 were obtained from World Development Indicators database and World Governance Indicators. The data was analysed using the Fixed Generalised Least Squares (FGLS) and the Method of Moment Quantile Regression (MMQR) methods. The findings of the study reveal that FDI aids in lowering the level of CO emissions in Ghana and therefore can be achieved through political stability, voice and accountability, controlled corruption, and enforcement of rule of law. It further reveals that the level of governance effectiveness and regulation quality is low in attracting FDI to aid in lowering CO emissions in Ghana. This study suggests that policymakers in Ghana should strengthen the system and structure governing the environmental management process and improve the quality of environmental policies to encourage environmentally friendly FDI flows.
本文研究了外国直接投资（FDI）和治理质量在减轻加纳二氧化碳排放负面影响方面的功效。为实现这一目标，从世界发展指标数据库和世界治理指标中获取了2000年至2022年期间自变量和控制变量的面板数据。使用固定广义最小二乘法（FGLS）和矩分位数回归方法（MMQR）对数据进行了分析。研究结果表明，外国直接投资有助于降低加纳的二氧化碳排放水平，因此可以通过政治稳定、发言权和问责制、控制腐败以及法治的实施来实现。研究还进一步表明，在吸引外国直接投资以协助降低加纳二氧化碳排放方面，治理有效性和监管质量水平较低。本研究建议，加纳的政策制定者应加强环境管理过程的制度和结构，并提高环境政策的质量，以鼓励有利于环境的外国直接投资流入。
