On the Relationship Between Foreign Direct Investment and Energy Consumption: The Mexican Case

Aali-Bujari, Alí; Venegas-Martı́nez, Francisco

doi:10.32479/ijeep.10988

Cited by 6 publications

(3 citation statements)

References 23 publications

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“…Energy use is among the most important economic metrics, according to research by Aidarova et al (2023). This study examines Kazakhstan's energy consumption, foreign direct investment, and labor force participation rates from 1991 to 2021 as a result.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Investment and Labor Participation on Energy Consumption: A Panel Analysis on Selected OIC Countries

Irfany,

Ramadhini,

Putri

et al. 2024

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A country's economy cannot be separated from economic activity and energy consumption. A country's economic activity increases in proportion to its income. Furthermore, countries will respond to increased economic activity by changing their energy use. This research aims to assess how much extra energy is being utilized by economic activity to maintain the current environment. The results of the analysis show that the gross fixed capital creation variable has a major impact on the energy consumption of OIC countries. The labor force participation of individuals aged 15 to 24 also has a significant effect on energy use. Energy consumption can therefore be increased by raising investment and labor force participation. An annual data series (2010–2015) is used in this investigation. Panel data is the term for the sort of data that is utilized. Further research subjects can do dynamic panel data (countries) analysis by including factors not included in the research mode.

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Section: Literature Reviewmentioning

confidence: 99%

Impact of Investment and Labor Participation on Energy Consumption: A Panel Analysis on Selected OIC Countries

Irfany,

Ramadhini,

Putri

et al. 2024

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“…Banyak kajian empiris di berbagai negara yang telah mengkaji variabel ini sebagai penentu FDI [14] [15]. Variabel makroekonomi ini, diasumsikan sebagai variabel yang paling berpengaruh pada aliran investasi asing langsung ke suatu Negara [16] [17] [18].…”

Section: Gambar 1 Fdi Flows Indonesia Tahun 1982 -2021unclassified

Pengaruh Variabel Makroekonomi terhadap Investasi Asing Langsung di Indonesia

Randa

2023

INFEB

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This study aims to analyze the short-term and long-term relationships between macroeconomic variables and the flow of Foreign Direct Investment (FDI) in Indonesia from 1982 to 2021. The analysis model used is johansen-juselius co-integration and error correction model (ECM. This study found a cointegration relationship between macroeconomic variables and FDI inflows. Money supply is a factor that influences FDI inflows in the short and long term. Meanwhile, inflation and trade openness have a negative effect in the long term. Market size affects FDI inflows only in the short term. This finding has implications that the government needs to maintain the stability of macroeconomic variables to increase FDI inflows.

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“…On the other hand, Salazar-Núñez and Venegas-Martínez (2018) examine the impact of energy use and gross capital formation on economic growth using a panel data model in 73 countries grouped by income level and oil production. Similarly, Aali-Bujari et al (2017) examine the impact of non-renewable and renewable energy consumption on economic growth of the main OECD economies through a panel data model in the period 1977-2014. Moreover, Valencia-Herrera et al (2020 study the relationships between economic growth, energy and electricity consumption, CO 2 emissions, and urbanization in Latin America.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Renewable and Non-renewable Energy Consumption, CO2 Emissions, and Responsible Economic Growth with Environmental Stability in North America

Mendoza-Rivera

García-Pérez

Venegas-Martı́nez

2023

IJEEP

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This paper examines the impact of the consumption of non-renewable energies (gasoline and gas), as well as the consumption of renewable energies (solar and wind) and CO2 emissions (one of the main pollutants) on Economic Growth (EG) in North America. The data comes from the public sources of the World Bank and British Petroleum annually from 1966-2020. A Vector Autoregressive (VAR) model is estimated to analyze relationships among the variables under study. Likewise, tests to confirm the non-presence of serial correlation in the residuals of the VAR are carried out. Subsequently, Granger causality tests and an analysis of impulse-response functions are performed. The EG for Canada is explained by a lag from the previous year with a small positive effect. Likewise, the Consumption of Non-Renewable and Renewable Energies (CNRARE) similarly affects EG in a slightly negative way and CO2 emissions are not significant to explain EG. The US and Canada share similar dynamics concerning CNRARE, but the CO2 emissions that accompany the industry do positively affect growth. Mexico differs from Canada and US in that the consumption of non-renewable energy (NRE) has a positive effect on economic growth, although it is not significant, and CO2 emissions negatively affect EG. This is due to a timeless change in industrial development that US and Canada went through previously in their process of industrialization and technological modernization. Finally, in Mexico and Canada, unlike US, a positive response from the EG is observed due to a shock from renewable energy. This investigation differs from current literature in the following: 1) many studies have been carried out on the subject in many countries and regions, but none have addressed the case of North America, to the extent that the authors are aware, 2) conducts an assessment of responsible growth with environmental stability in North America, and 3) provides public policy recommendations to promote the use of renewable energy in all sectors of production while respecting the environment in the long term.

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On the Relationship Between Foreign Direct Investment and Energy Consumption: The Mexican Case

Cited by 6 publications

References 23 publications

Impact of Investment and Labor Participation on Energy Consumption: A Panel Analysis on Selected OIC Countries

Impact of Investment and Labor Participation on Energy Consumption: A Panel Analysis on Selected OIC Countries

Pengaruh Variabel Makroekonomi terhadap Investasi Asing Langsung di Indonesia

Renewable and Non-renewable Energy Consumption, CO2 Emissions, and Responsible Economic Growth with Environmental Stability in North America

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