Affiliation:
1. KARADENİZ TEKNİK ÜNİVERSİTESİ, SOSYAL BİLİMLER ENSTİTÜSÜ, İKTİSAT (DR)
2. KARADENİZ TEKNİK ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İKTİSAT BÖLÜMÜ
Abstract
This study aims to investigate the relationship between FDIs and environmental pollution in countries classified by per capita income. In this study, in which the 1992-2019 period data were used, the relations between the variables were examined by panel data co-integration and causality analysis. Within the Westerlund Cointegration Analysis scope, a co-integrated relationship is observed between the FDI in GDP and CO2 emission variables in low and middle-income country groups in the long run; in the high-income country group, however, no significant relationships could be found between the variables. On the other hand, according to analysis results, no causality relationship is observed in low-income countries in the short run, while a causal relationship from FDIGDP to CO2 emissions is observed in middle and high-income countries.