Hiệu ứng của đầu tư trực tiếp nước ngoài và dấu chân sinh thái đến phát triển bền vững của các thị trường mới nổi ở các quốc gia Đông Nam Á
Từ khóa:
Dấu chân sinh thái, thị trường mới nổi, đầu tư trực tiếp nước ngoài, mô hình vector tự hồi quy dữ liệu bảng, phát triển kinh tế bền vữngTóm tắt
Nghiên cứu sử dụng phương pháp ước lượng PVAR để phân tích tác động của hiệu ứng đầu tư trực tiếp nước ngoài (FDI) và dấu chân sinh thái (EFP) đến phát triển kinh tế bền vững tại các thị trường mới nổi ở Đông Nam Á như Indonesia, Malaysia, Philippines và Thái Lan trong giai đoạn 1995-2023. Kết quả cho thấy, FDI có thể làm giảm chất lượng môi trường thông qua việc thúc đẩy mở rộng kinh tế, ảnh hưởng tiêu cực đến phát triển kinh tế bền vững trong ngắn hạn. Đồng thời, EFP có mối quan hệ tiêu cực với phát triển kinh tế bền vững. Do đó, cần quản lý và định hướng FDI hiệu quả bằng cách thu hút các dự án sử dụng công nghệ tiên tiến, thân thiện với môi trường và có trách nhiệm xã hội. Ngoài ra, cần kiểm soát EFP thông qua việc đầu tư vào năng lượng tái tạo, áp dụng công nghệ tiết kiệm năng lượng và bảo tồn đa dạng sinh học từ đó đáp ứng được mục tiêu phát triển kinh tế bền vững của các thị trường mới nổi ở các quốc gia Đông Nam Á.
Tài liệu tham khảo
Adebayo, T.S., Awosusi, A.A., Kirikkaleli, D., Akinsola, G.D. & Mwamba, M.N. (2021), ‘Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis’, Environmental Science and Pollution Research, 28(29), 38969-38984
Agyekum, E.B., Adebayo, T.S., Bekun, F.V., Kumar, N.M. & Panjwani, M.K. (2021), ‘Effect of two different heat transfer fluids on the performance of solar tower CSP by comparing recompression supercritical CO2 and rankine power cycles, China’, Energies, 14(12), 3426.
Ahmad, M., Jiang, P., Majeed, A., Umar, M., Khan, Z. & Muhammad, S. (2020), ‘The dynamic impact of natural resources, technological innovations and economic growth on ecological footprint: An advanced panel data estimation’, Resources Policy, 69(September), 101817. https://doi.org/10.1016/j.resourpol.2020.101817.
Ahmed, Z., Wang, Z., Mahmood, F., Hafeez, M. & Ali, N. (2019), ‘Does globalization increase the ecological footprint? Empirical evidence from Malaysia’, Environmental Science and Pollution Research, 26, 18565-18582.
Ahmed, Z., Zhang, B. & Cary, M. (2021), ‘Linking economic globalization, economic growth, financial development, and ecological footprint: Evidence from symmetric and asymmetric ARDL’, Ecological Indicators, 121(September), 107060. https://doi.org/10.1016/j.ecolind.2020.107060
Al-Mulali, U., Weng-Wai, C., Sheau-Ting, L. & Mohammed, A.H. (2015), ‘Investigating the environmental Kuznets curve (EKC) hypothesis by utilizing the ecological footprint as an indicator of environmental degradation’, Ecological Indicators, 48, 315-323.
Ayamba, E.C., Haibo, C., Abdul-Rahaman, A.R., Serwaa, O.E. & Osei-Agyemang, A. (2020), ‘The impact of foreign direct investment on sustainable development in China’, Environmental Science and Pollution Research, 27, 25625-25637.
Aydin, C., Esen, Ö. & Aydin, R. (2019), ‘Is the ecological footprint related to the Kuznets curve a real process or rationalizing the ecological consequences of the affluence? Evidence from PSTR approach’, Ecological Indicators, 98(November), 543-555. https://doi.org/10.1016/j.ecolind.2018.11.034
Blackman, A. & Wu, X. (1999), ‘Foreign direct investment in China’s power sector: trends, benefits and barriers’, Energy Policy, 27(12), 695-711.
Borensztein, E., De Gregorio, J. & Lee, J.W. (1998), ‘How does foreign direct investment affect economic growth?’, Journal of International Economics, 45(1), 115-135.
Bùi Hoàng Ngọc & Phan Thị Liệu (2022), ‘Mối quan hệ giữa đầu tư trực tiếp nước ngoài , tăng trưởng kinh tế , tiêu thụ năng lượng và dấu chân sinh thái ở Việt Nam : Tiếp cận bằng hồi quy phân vị dựa trên phân vị’, Tạp chí Phát triển Khoa học và Công nghệ - Kinh tế - Luật và Quản lý, 6(4), 3855-3866.
Bun, M.J.G. & Kiviet, J.F. (2006), ‘The effects of dynamic feedbacks on LS and MM estimator accuracy in panel data models’, Journal of Econometrics, 132(2), 409-444.
Cao, Z. & Shi, X. (2021), ‘A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies’, Small Business Economics, 57(1), 75-110. https://doi.org/10.1007/s11187-020-00326-y
Carkovic, M. & Levine, R. (2005), ‘Does foreign direct investment accelerate economic growth’, Does Foreign Direct Investment Promote Development, 195, 220.
Danish, Ulucak, R. & Khan, S.U.D. (2020), ‘Determinants of the ecological footprint: Role of renewable energy, natural resources, and urbanization’, Sustainable Cities and Society, 54, 101996. https://doi.org/10.1016/j.scs.2019.10199
Dickey, D.A. & Fuller, W.A. (1979), ‘Distribution of the estimators for autoregressive time series with a unit root’, Journal of the American Statistical Association, 74(366a), 427-431.
Duttagupta, R. & Pazarbasioglu, C. (2021), MILESto go, Finance & Development, International Monetary Fund.
Đinh Thị Thanh Bình (2024), ‘Vai trò trung gian của cường độ năng lượng trong tác động của FDI tới lượng phát thải CO2 tại các quốc gia đang phát triển trên thế giới’, Tạp Chí Kinh Tế và Phát Triển, 328, 12-21.
Emmanuel, O.N.B., Fonchamnyo, D.C., Thierry, M.A. & Dinga, G.D. (2023), ‘Ecological footprint in a global perspective: the role of domestic investment, FDI, democracy and institutional quality’, Journal of Global Responsibility, 14(4), 431-451. https://doi.org/10.1108/JGR-09-2022-0091
Fodha, M. & Zaghdoud, O. (2010), ‘Economic growth and pollutant emissions in Tunisia: an empirical analysis of the environmental Kuznets curve’, Energy Policy, 38(2), 1150-1156.
Global Footprint Network (2025), Data Downloads, Licenses, and Support, https://www.footprintnetwork.org/licenses/
Glogowsky, U. & Cagala, T. (2014), XTVAR: Stata module to compute panel vector autoregression, https://doi.org/10.13140/2.1.2259.8722
Grossman, G.M. & Krueger, A.B. (1995), ‘Economic growth and the environment’, The Quarterly Journal of Economics, 110(2), 353-377.
Harrison, A. (1995), ‘Determinants and effects of direct foreign investment in Cote d’Ivoire, Morocco, and Venezuela’, MPRA Paper No. 36594, MPRA.
He, L., Shen, J. & Zhang, Y. (2018), ‘Ecological vulnerability assessment for ecological conservation and environmental management’, Journal of Environmental Management, 206, 1115-1125.
Hosan, S., Karmaker, S.C., Rahman, M.M., Chapman, A.J. & Saha, B.B. (2022), ‘Dynamic links among the demographic dividend, digitalization, energy intensity and sustainable economic growth: Empirical evidence from emerging economies’, Journal of Cleaner Production, 330, 129858.
Hoskisson, R.E., Eden, L., Lau, C.M. & Wright, M. (2000), ‘Strategy in Emerging Economies’, The Academy of Management Journal, 43(3), 249-267. https://doi.org/10.2307/1556394
Javorcik, B.S. (2004), ‘Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages’, American Economic Review, 94(3), 605-627.
Kathuria, V. (2000), ‘Productivity spillovers from technology transfer to Indian manufacturing firms’, Journal of International Development, 12(3), 343-369.
Khan, M.K., Abbas, F., Godil, D.I., Sharif, A., Ahmed, Z. & Anser, M.K. (2021), ‘Moving towards sustainability: how do natural resources, financial development, and economic growth interact with the ecological footprint in Malaysia? A dynamic ARDL approach’, Environmental Science and Pollution Research, 28(39), 55579-55591. https://doi.org/10.1007/s11356-021-14686-
Koseoglu, A., Yucel, A.G. & Ulucak, R. (2022), ‘Green innovation and ecological footprint relationship for a sustainable development: Evidence from top 20 green innovator countries’, Sustainable Development, 30(5), 976-988. https://doi.org/10.1002/sd.2294
Kuznets, S. (1955), ‘International differences in capital formation and financing’, in Capital formation and economic growth, Princeton University Press, 19-111.
Li, X., Xiao, L., Tian, C., Zhu, B. & Chevallier, J. (2022), ‘Impacts of the ecological footprint on sustainable development: Evidence from China’, Journal of Cleaner Production, 352(September), 131472. https://doi.org/10.1016/j.jclepro.2022.131472
Lipsey, R.E. (2004), ‘Home-and host-country effects of foreign direct investment’, in Challenges to globalization: Analyzing the economics, University of Chicago Press, 333-382.
Liu, H. & Kim, H. (2018), ‘Ecological footprint, foreign direct investment, and gross domestic production: Evidence of Belt & Road Initiative countries’, Sustainability, 10(10). https://doi.org/10.3390/su10103527
Liu, Q., Wang, S., Zhang, W., Zhan, D. & Li, J. (2018), ‘Does foreign direct investment affect environmental pollution in China’s cities? A spatial econometric perspective’, Science of the Total Environment, 613, 521-529.
MSCI (2025), Index country membership, Springer. https://www.msci.com/index-country-membership-tool
Narula, K. (2012), ‘Sustainable investing’ via the FDI route for sustainable development’, Procedia - Social and Behavioral Sciences, 37, 15-30. https://doi.org/10.1016/j.sbspro.2012.03.271
Nathaniel, S. & Khan, S.A.R. (2020), ‘The nexus between urbanization, renewable energy, trade, and ecological footprint in ASEAN countries’, Journal of Cleaner Production, 272, 122709. https://doi.org/10.1016/j.jclepro.2020.122709
Ngo Thai Hung (2023), ‘Green investment, financial development, digitalization and economic sustainability in Vietnam: Evidence from a quantile-on-quantile regression and wavelet coherence’, Technological Forecasting and Social Change, 186(May). https://doi.org/10.1016/j.techfore.2022.122185
Okamoto, Y. & Sjöholm, F. (2000), FDI and the dynamics of productivity: Microeconomic evidence, APEC Study Centre, Graduate School of International Development, Nagoya.
Padhan, L. & Bhat, S. (2023), ‘Nexus between foreign direct investment and ecological footprint in BRICS and Next-11: the moderating role of green innovation’, Management of Environmental Quality: An International Journal. https://doi.org/10.1108/MEQ-07-2023-0204
Phillips, P.C.B. & Perron, P. (1988), ‘Testing for a unit root in time series regression’, Biometrika, 75(2), 335-346.
Phung Quang Thanh (2023), ‘Assessment of impacts of inward and outward FDIs on environmental protection in Vietnam’, Journal of Environmental Assessment Policy and Management, 25(02), 2350009.
Pigato, M., Black, S., Dussaux, D., Mao, Z., Rafaty, R. & Touboul, S. (2020), Technology transfer and innovation for low-carbon development, World Bank Publications.
Seker, F., Ertugrul, H.M. & Cetin, M. (2015), ‘The impact of foreign direct investment on environmental quality: A bounds testing and causality analysis for Turkey’, Renewable and Sustainable Energy Reviews, 52, 347-356. https://doi.org/10.1016/j.rser.2015.07.118
Sinha, A. & Shahbaz, M. (2018), ‘Estimation of environmental Kuznets curve for CO2 emission: Role of renewable energy generation in India’, Renewable Energy, 119, 703-711. https://doi.org/10.1016/j.renene.2017.12.058
Trần Thọ Đạt & Đinh Đức Trường (2020), ‘Quản lý tài nguyên, môi trường và biến đổi khí hậu hướng tới sự phát triển bền vững tại Việt Nam từ góc nhìn kinh tế’, Tạp Chí Kinh Tế và Phát Triển, 278, 2-11.
Trần Văn Hưng (2024), ‘Mối quan hệ giữa FDI, toàn cầu hóa, tăng trưởng kinh tế, tăng trưởng xanh và khí thải CO2 tại Việt Nam’, Tạp Chí Kinh Tế và Phát Triển, 41-51. https://doi.org/10.33301/jed.vi.1601
Ullah, S., Nadeem, M., Ali, K. & Abbas, Q. (2022), ‘Fossil fuel, industrial growth and inward FDI impact on CO emissions in Vietnam: testing the EKC hypothesis’, Management of Environmental Quality: An International Journal, 33(2), 222-240. https://doi.org/10.1108/MEQ-03-2021-0051
Ulucak, R. & Lin, D. (2017), ‘Persistence of policy shocks to ecological footprint of the USA’, Ecological Indicators, 80, 337-343.
Wang, C. & Uctum, M. (2024), ‘Ecological footprint of FDI inflows and income threshold effect: New results with a new approach to income classification’, Environmental and Sustainability Indicators, 22(January), 100356. https://doi.org/10.1016/j.indic.2024.10035
Wang, R., Usman, M., Radulescu, M., Cifuentes-Faura, J. & Balsalobre-Lorente, D. (2023), ‘Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries’, Gondwana Research, 119, 138-152. https://doi.org/10.1016/j.gr.2023.02.023
Zarsky, L. (1999), ‘Havens, halos and spaghetti: untangling the evidence about foreign direct investment and the environment’, Foreign Direct Investment and the Environment, 13(8), 47-74.
