Detail publikace

The FDI-CO2 nexus from the sustainable development perspective: the case of Azerbaijan

Autor: MSc. Shahriyar Aliyev , Mukhtarov, S., Aliyev, S., Mikayilov, J.I., Ismayilov, A. and Rzayev, A.
Typ: Články v impaktovaných časopisech
Rok: 2020
Číslo: 0
ISSN / ISBN: 1745-2627
Publikováno v: International Journal of Sustainable Development and World Ecology
Místo vydání: Taylor&Francis Online
Klíčová slova: CO2 emissions; FDI; STSM; Kalman filter; economic growth; Azerbaijan
JEL kódy:
Abstrakt: The current study explores the effect of Foreign Direct Investment (FDI) on CO2 emissions in
Azerbaijan utilizing time series data spanning from 1996 to 2013. The structural time series
modeling (STSM) approach is employed in empirical estimations. The STSM framework allows
parameters to evolve over time. Estimation results show that the coefficients of FDI and income
are time-varying. The impact of FDI is positive before 2006 and negative after that year, while
the income elasticity is positive for the entire period. The estimated income elasticity allows to
conclude that the EKC phenomenon does not hold for the case of Azerbaijan. The different
effects of FDI on CO2 emissions, possible explanations and related policy implications are


Česká Spořitelna


Patria Finance