Can foreign direct investment harness energy consumption in China? A time series investigation

被引：104
作者：
Salim, Ruhul [1 ]
Yao, Yao [2 ]
Chen, George [3 ]
Zhang, Lin [2 ]
机构：
[1] Curtin Univ, Curtin Business Sch, Sch Econ & Finance, Perth, WA 6845, Australia
[2] City Univ Hong Kong, Sch Energy & Environm, Kowloon, Hong Kong, Peoples R China
[3] Univ New England, UNE Business Sch, Armidale, NSW 2351, Australia
来源：
ENERGY ECONOMICS | 2017年 / 66卷
关键词：
Foreign direct investment; Energy consumption; Time series modeling; China; MULTIVARIATE FRAMEWORK ANALYSIS; ECONOMIC-GROWTH; FINANCIAL DEVELOPMENT; ELECTRICITY CONSUMPTION; COINTEGRATION TESTS; EMPIRICAL-EVIDENCE; CARBON EMISSIONS; FRESH EVIDENCE; TRADE GOOD; ENVIRONMENT;
D O I：
10.1016/j.eneco.2017.05.026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study assesses the long-run relationship and short-run dynamics between foreign direct investment (FDI) and energy consumption in China. Applying the bounds testing approach to annual data from 1982 to 2012, we find that a stable FDI-energy nexus exists in the long run and a 1% increase in FDI reduces energy consumption by 0.21%. However, this study shows a positive association between FDI and energy consumption in the short run, attributing to the dominance of the scale effect. Our results remain robust to different measurements and estimators. It is suggested that the Chinese government shall support the inward FDI in the tertiary and energy sectors and strengthen local absorptive capacities to fully internalize FDI-related knowledge spillovers in energy conservation. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：43 / 53
页数：11
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