Arbeitspapier
Does Lax Environmental Regulation Attract FDI When Accounting For "Third-Country" Effects?
This paper investigates if differences in environmental regulations can influence FDI flows in a multi-country setting taking into account the so-called "third-country" effects. We examine bilateral FDI flows using a new extended OECD investment database which covers great number of host countries and a long sample period (1981-2005). The findings based on a spatial gravity-like model are largely plausible across specifications and confirm the existence of a negative relationship between FDI and environmental stringency, once we correct for endogeneity and spatial dependence. The evidence of a positive "third-country" effect for FDI suggests the prevalence of complex FDI from developed to developing countries. The spatial structure of the model allows also to underline the possible existence of competition in environmental standards between countries to attract FDI.
- Sprache
-
Englisch
- Erschienen in
-
Series: IRENE Working Paper ; No. 08-01
- Klassifikation
-
Wirtschaft
Trade and Environment
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- Thema
-
Complex FDI
Pollution Haven
Spatial Econometrics
System GMM
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kukenova, Madina
Monteiro, José-Antonio
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Neuchâtel, Institute of Economic Research (IRENE)
- (wo)
-
Neuchâtel
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kukenova, Madina
- Monteiro, José-Antonio
- University of Neuchâtel, Institute of Economic Research (IRENE)
Entstanden
- 2008
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