Investimento estrangeiro direto e emissão de CO2 nos países em desenvolvimento

Abstract

The emissions of pollutants from anthropic processes and the role of foreign capital have become a central issue in academic debates. Given the increasing responsibility of developing countries, this study examined the relationship among foreign direct investment, CO2 emissions per capita and the intensity of pollutants in a large sample of emerging countries between 1990 and 2014. For this, extensions of the autoregressive vector model (VAR), suitable for panel data (PVAR), were estimated by using two different approaches. The main results showed that international investment had an indirect impact on CO2 emissions per capita, however there was a piece of evidence of beneficial effects on intensity. It was concluded that only foreign capital is incapable of affecting the productive model of developing countries. Hence, concrete economic policies that amortize the adverse effects and assimilate the good technological practices are needed.