Article
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Assessing the FDI- Load Capacity Factor Relationship in Spain: an ARDL Approach
Version 1
: Received: 15 June 2023 / Approved: 15 June 2023 / Online: 15 June 2023 (05:48:01 CEST)
How to cite: Hernandez Soto, G. Assessing the FDI- Load Capacity Factor Relationship in Spain: an ARDL Approach. Preprints 2023, 2023061080. https://doi.org/10.20944/preprints202306.1080.v1 Hernandez Soto, G. Assessing the FDI- Load Capacity Factor Relationship in Spain: an ARDL Approach. Preprints 2023, 2023061080. https://doi.org/10.20944/preprints202306.1080.v1
Abstract
This work discusses the relationship between foreign direct investment (FDI) and pollution in Spain using an autoregressive distributed lag regression model (ARDL) from 1961 to 2018. The authors apply the theoretical context of pollution haven/halo and conclude that FDI in Spain does not contribute to the transfer of green technologies for cleaner production, despite being included within the European environmental regulatory framework. The authors also verify the adequacy of the environmental Kuznets curve (EKC) and the Load Capacity Curve hypothesis (LCC) in the Spanish environmental context and find that income per capita has a positive effect on environmental sustainability and quality. In this sense, the further development of an efficient renewable energy infrastructure could efficiently drive to a better standards all pollution indexes in Spain, including nuclear energy production, contributing the emissions neutrality aimed by the EU by 2050.
Keywords
Pollution; Load Capacity Hypothesis (LCC); Sustainability; Pollution Haven Hypothesis
Subject
Arts and Humanities, Humanities
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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