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| Dierk Herzer and Niklas Schmelmer |
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| ''The impact of South-South and North-South FDI on energy intensity in developing countries'' |
| ( 2024, Vol. 44 No.4 ) |
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| 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. |
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| Keywords: energy intensity, developing countries, South-South FDI, North-South FDI |
JEL: F2 - International Factor Movements and International Business: General
Q4 - Energy: General |
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| Manuscript Received : Jun 26 2024 | | Manuscript Accepted : Dec 30 2024 |
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