Associate Professor Xiaohang Ren, a researcher at the base, co-authored the paper 'Do FDI inflows bring both capital and CO2 emissions? Evidence from non-parametric modelling for the G7 countries,' which was published in the prestigious academic journal International Review of Economics & Finance.

Abstract: Foreign direct investment profoundly influences environmental conditions while promoting economic growth. This study examines the effects of FDI on CO2 emissions across the G7 countries from 1971 to 2020. Utilizing panel data, we employ a local linear dummy variable estimation method to analyze the non-linear and time-varying relationships between FDI and CO2 emissions. Our findings reveal a negative correlation between FDI and CO2 emissions during the period 1971–1995. In contrast, from 2000 to 2015, a significant positive correlation is observed. After 2015, no significant relationship is detected. Furthermore, we investigate the moderating effect of trade openness, urbanization level, and energy consumption to gain a deeper understanding of how the relationship between FDI and CO2 emissions is influenced under different national contexts. These findings underscore the dynamic nature of the relationship between FDI and CO2 emissions, offering significant implications for the advancement of a low-carbon economy.

Keywords: FDICO2 emissions；Non-parametric；LLDVE

Link: https://doi.org/10.1016/j.iref.2024.103420

Teacher profile

Xiaohang Ren is a Distinguished Associate Professor at the Business School, Central South University, an Elsevier China Highly Cited Researcher, and a Top 2% Scientist Worldwide. He mainly engages in research on energy finance, financial risk, and financial econometrics. He has published more than 100 papers in authoritative journals at home and abroad,including Journal of the American Statistical Association,Transportation Research Part A, Energy Economics, Quantitative Finance, Review of Quantitative Finance and Accounting, International Review of Financial Analysis, Technological Forecasting and Social Change, Business Strategy and the Environment, Pacific-Basin Finance Journal, Applied Energy, Resources Policy, Renewable & Sustainable Energy Reviews, Energy, Journal of Management Sciences in China (English Edition), Systems Engineering — Theory and Practice, and Chinese Journal of Management Science. Among these, more than 30 are ESI Hot Papers/Highly Cited Papers. He serves as Section Editor of Sustainable Communities (Taylor & Francis), Associate Editor of journals such as Humanities & Social Sciences Communications (the only humanities and social sciences journal under Nature), and Guest Editor of several SSCI journals including Climate Change Economics and Economic Change and Restructuring