Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy

Amendolagine, Vito; Lema, Rasmus; Rabellotti, Roberta

doi:10.1016/j.jclepro.2021.127381

Cited by 47 publications

(16 citation statements)

References 69 publications

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“…Our evidence suggests that the effectiveness of governments in building structures and frameworks that address corruption, informality and informal markets can help the private sector to actively support IGG through innovation, durable growth and green innovation diffusion (Miller et al, 2022;Amendolagine et al, 2021;Melane-Lavado et al, 2018). Also, the study finds that the IGG score of SSA increases by 0.24 points for every 1% improvement in investment freedom (Column 6).…”

Section: Effects Of Fdi and Economic Freedom On Inclusive Green Growthmentioning

confidence: 72%

Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth

Ofori

Figari

Ojöng

2023

Journal of Cleaner Production

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Section: Effects Of Fdi and Economic Freedom On Inclusive Green Growthmentioning

confidence: 72%

Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth

Ofori

Figari

Ojöng

2023

Journal of Cleaner Production

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“…The foreign greenfield investment has a positive impact on regional green technology specialization (Castellani, Marin, Montresor, & Zanfei, 2022), has a significant positive impact on the extent and quality of Transnational Corporations' (TNCs') sustainable technological innovation capability. In the long run, newly created subsidiaries funded by greenfield investments contribute more to innovation and greenness than foreign firms acquired (Amendolagine, Lema, & Rabellotti, 2021). Along with greenfield investments, both economic openness and public governance efficiency have a positive impact on green economic growth in countries, attracting greenfield investments to increase green innovation in renewable energy thereby promoting green economic growth (Kwilinsk et al, 2023).…”

Section: Research On the Environmental Effects Of Foreign Investmentmentioning

confidence: 99%

China’s Greenfield Investment and African Countries’ Green Growth Under the Belt and Road Initiative

Zhang

2024

IJEF

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Though in recent years African countries have experienced rapid economic growth, there is a growing need for them to accelerate the process of green growth to address challenges like climate change and depletion of natural resources. Under the framework of Belt and Road Initiative, this paper empirically examines the impact of China’s greenfield investment on green growth of African countries based on the STIRPAT model, using panel data of 37 African countries from 2003 to 2020. The results show that China’s greenfield investment can significantly contribute to green growth of African countries, including the improvement of energy productivity, CO2 productivity and non-energy material productivity, which confirms the validity of the “Pollution Halo Hypothesis” in the African region, and improvements in institutional quality can increase the contribution of greenfield investments. Compared with global greenfield investment, China is playing an important role in the green growth of African countries. The research in this paper expands the existing literature on investment and green growth, helps to grasp the reality of the environmental effects of China’s greenfield investment in Africa, and provides empirical evidence and policy support for Sino-African economic and trade cooperation and the high-quality green development of the “Belt and Road”.

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“…In contrast, studies by Muttitt and Kartha [87], Wang and Zhang [88], and Ahakwa et al [89] highlight the indispensable role of fossil fuels in ensuring short-term economic stability in emerging economies, thus spotlighting the intricate balance between immediate economic benefits and the pursuit of future sustainability. In the realm of foreign direct investment, evidence presented by Amendolagine et al [90], Luo et al [91], and Tariq et al [92] illustrates its potential to spur economic growth, technological innovation, and infrastructural advancements, thereby contributing to sustainability. This narrative, however, is complicated by findings from Guteta and Worku [93] and Liu and Zhong [94], who caution against the environmental and social hazards posed by unchecked foreign direct investment, particularly in jurisdictions with weak regulatory oversight.…”

Section: Literature Reviewmentioning

confidence: 99%

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

Wang,

He,

2024

Sustainability

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Utilizing Fourier autoregressive distributed lag and Fourier Toda–Yamamoto causality methodologies, this research assesses the effects that renewable energy consumption and environmental policy had on the economic sustainability of China from 1991 to 2022. Our findings highlight the positive impacts of renewable energy use and stringent environmental policies on China’s economic growth, while also pinpointing the supportive roles played by foreign direct investment, trade openness, and financial sector evolution in fostering a sustainable economic environment. Conversely, a reliance on fossil fuels emerges as a significant barrier to sustainability. Causality tests confirm the essential roles of renewable energy and environmental policies in advancing China’s economic sustainability. This study underscores the critical need for integrating sustainable energy and environmental strategies within China’s economic development framework, advocating for a holistic policy approach that balances economic growth with environmental conservation. This research underscores the imperative for a sustainability-centered strategy for China’s economic advancement.

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Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy

Cited by 47 publications

References 69 publications

Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth

Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth

China’s Greenfield Investment and African Countries’ Green Growth Under the Belt and Road Initiative

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

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