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    題名: Air Pollution and Outward Foreign Direct Investment—A Cross-Country Empirical Study
    作者: 黃智聰
    Huang, Jr-Tsung;Hsu, He-Shun
    貢獻者: 財政系
    關鍵詞: Air pollution;foreign direct investment;panel dynamic spatial autoregressive model;PM2.5 concentration
    日期: 2022-07
    上傳時間: 2024-01-29
    摘要: The purpose of this study is to examine the role of air pollution in foreign direct investment (FDI) outflows. Using PM2.5 concentration as an index of air pollution and a panel data of 102 economies from 2011 to 2020, several specifications of a dynamic panel spatial autoregressive model justified by several diagnostic tests and that considers the potential endogeneity problem have been estimated. The primary finding is that air pollution has a positive impact on a country’s FDI outflows. It is also found that air pollution is a more important and robust factor affecting outward investment than the effective corporate tax rate, political risk and the level of economic development. Moreover, outward FDI exhibits a positive spatial dependence among countries and regions and has a positive dynamic process. All these conclusions are consistent with our expectations and are robust for different model specifications.
    關聯: The Singapore Economic Review
    資料類型: article
    DOI 連結: https://doi.org/10.1142/S0217590822500382
    DOI: 10.1142/S0217590822500382
    顯示於類別:[財政學系] 期刊論文

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