The impact of South-South and North-South FDI on energy intensity in developing countries

Dierk Herzer and Niklas Schmelmer ()
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Niklas Schmelmer: Helmut-Schmidt-University Hamburg

Economics Bulletin, 2024, vol. 44, issue 4, 1367 - 1377

Abstract: This study is the first to examine the impact of both North-South FDI and South-South FDI on energy intensity in developing countries. It is also the first in the FDI-energy intensity literature to carefully control for the endogeneity of FDI using several IV techniques, as well as the first in this literature to use a panel Granger causality approach. We find that while South-South FDI contributes to reductions in energy intensity in developing countries, there is no evidence that North-South FDI reduces energy intensity in developing countries. This finding holds even when we use panel cointegration methods.

Keywords: energy intensity; developing countries; South-South FDI; North-South FDI (search for similar items in EconPapers)
JEL-codes: F2 Q4 (search for similar items in EconPapers)
Date: 2024-12-30
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