Publication

Energy consumption and foreign direct investment: a panel data analysis for Portugal

Bibliographic Details
Summary:	This research considers the relationship between energy consumption and foreign direct investment (FDI) for the period 1990-2011. As econometric strategy, we use unit root test and panel data. The empirical results illustrate that the income per capita and political globalization present a positive impact on energy consumption. The selected components of globalization (cultural, social and political) show that these variables promote Portuguese foreign direct investment. The econometric models also considered two control variables, trade openness and exchange rate. These proxies are positively correlated with FDI. The variables of income per capita and the squared income per capita validate the environmental Kuznets curve assumptions.
Main Authors:	Leitão, Nuno Carlos
Subject:	Energy consumption Foreign direct investment Panel Data Unit root tests
Year:	2015
Country:	Portugal
Document type:	article
Access type:	open access
Associated institution:	Instituto Politécnico de Santarém
Language:	English
Origin:	Repositório Científico do Instituto Politécnico de Santarém

Description
Summary:	This research considers the relationship between energy consumption and foreign direct investment (FDI) for the period 1990-2011. As econometric strategy, we use unit root test and panel data. The empirical results illustrate that the income per capita and political globalization present a positive impact on energy consumption. The selected components of globalization (cultural, social and political) show that these variables promote Portuguese foreign direct investment. The econometric models also considered two control variables, trade openness and exchange rate. These proxies are positively correlated with FDI. The variables of income per capita and the squared income per capita validate the environmental Kuznets curve assumptions.

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