Outward Foreign Direct Investment Patterns of Italian Firms in the European Union's Emission Trading Scheme*

被引：37
|
作者：
Borghesi, Simone [1 ,4 ]
Franco, Chiara [2 ]
Marin, Giovanni [3 ]
机构：
[1] Univ Siena, I-53100 Siena, Italy
[2] Univ Pisa, I-56126 Pisa, Italy
[3] Univ Urbino Carlo Bo, I-61029 Urbino, Italy
[4] European Univ Inst, Florence, Italy
来源：
SCANDINAVIAN JOURNAL OF ECONOMICS | 2020年 / 122卷 / 01期
关键词：
Carbon leakage; EU ETS; foreign direct investment; NORTH-SOUTH TRADE; ENVIRONMENTAL-REGULATIONS; POLITICAL-ECONOMY; IMPACT; FDI; COMPETITIVENESS; DETERMINANTS; INNOVATION;
D O I：
10.1111/sjoe.12323
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider the role played by the European Union's Emissions Trading System (EU ETS) as a possible driver of outward foreign direct investment (FDI) for Italian manufacturing firms. Using a panel dataset of about 22,000 firms covering the first two phases of the EU ETS and the period before the EU ETS, we measure the patterns of FDI towards countries not covered by the EU ETS. The results show that the EU ETS had a weak effect on the number of new subsidiaries abroad (extensive margin), while it had a larger impact on production taking place in foreign subsidiaries (intensive margin), especially in trade-intensive sectors.
引用
收藏
页码：219 / 256
页数：38
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