Does foreign direct investment and environmental degradation matter for poverty? Evidence from developing countries

This paper stains to investigate the causality between Foreign Direct Investment (FDI), Carbon dioxide emission (CO2) and poverty using simultaneous-equations models (SEM's) for a global panel of 98 developing countries over the period 1995–2017. We also implement these empirical models for three regions sub-panels: Asia, Africa and Latin America. Global panel results showed that there is a bi-directional causal relationship between FDI and...