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Titel (übersetzt): 
Una nueva mirada a la hipótesis del halo de contaminación: El papel del rigor de la política ambiental
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 50 [Issue:] 1 [Year:] 2023 [Pages:] 31-54
Verlag: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Zusammenfassung: 
The effect of Foreign Direct Investments (FDIs) on greenhouse gas (GHG) emissions, has attracted the attention of researchers in recent years. However, the indirect effects of environmental policies in the process were not sufficiently considered. This study uses a panel threshold methodology to examine the nonlinear impact of environmental policy stringency on the relationship between FDIs and GHG emissions in 25 OECD countries. Our results show a negative relationship between FDIs and GHG emissions if the countries have environmental policy stringency index above a threshold level of (2.22). The results are also supported by the fixed effects model, which indicates a threshold effect of (2.88). The threshold effect is mostly due to the stringency of nonmarket-based environmental policies.
Schlagwörter: 
Climate change
environmental taxes
public policy
JEL: 
Q50
Q53
Q58
Creative-Commons-Lizenz: 
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Dokumentart: 
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