Dynamic connection between inward foreign direct investment, renewable energy, economic growth and carbon emission in China: evidence from partial and multiple wavelet coherence

This paper presents a fresh understanding of the vigorous connection between inward FDI, renewable energy consumption, economic growth and carbon emission in the Chinese economy employing novel Morlet wavelet analysis. Wavelet correlation, continuous wavelet transform and partial and the multiple wa...

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Veröffentlicht in:Environmental science and pollution research international 2020-11, Vol.27 (32), p.40456-40474
Hauptverfasser: Arain, Hira, Sharif, Arshian, Akbar, Bilal, Younis, Md. Yamin
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container_issue 32
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container_title Environmental science and pollution research international
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creator Arain, Hira
Sharif, Arshian
Akbar, Bilal
Younis, Md. Yamin
description This paper presents a fresh understanding of the vigorous connection between inward FDI, renewable energy consumption, economic growth and carbon emission in the Chinese economy employing novel Morlet wavelet analysis. Wavelet correlation, continuous wavelet transform and partial and the multiple wavelet coherence analyses are applied on variables under study for data acquired during the period 1979 to 2017. The outcome of these analyses reveals that the connections among the variables progress over frequency and time. From the frequency domain point of view, the current study discovers noteworthy wavelet coherence and robust lead and lag linkages, although time domain reveals inconsistent associations among the considered variables. The wavelet analysis according to economic point of view supports that inward foreign direct investment (FDI) and renewable energy consumption help to enhance economic condition in Chinese economy. The results also suggested that inward FDI enhances the environmental degradation in medium and long run in China. The results emphasize the significance of having organized strategies by the policymakers to cope with huge environmental degradation occurred for a couple of decades in China.
doi_str_mv 10.1007/s11356-020-08836-8
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Yamin</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Dynamic connection between inward foreign direct investment, renewable energy, economic growth and carbon emission in China: evidence from partial and multiple wavelet coherence</atitle><jtitle>Environmental science and pollution research international</jtitle><stitle>Environ Sci Pollut Res</stitle><date>2020-11-01</date><risdate>2020</risdate><volume>27</volume><issue>32</issue><spage>40456</spage><epage>40474</epage><pages>40456-40474</pages><issn>0944-1344</issn><eissn>1614-7499</eissn><abstract>This paper presents a fresh understanding of the vigorous connection between inward FDI, renewable energy consumption, economic growth and carbon emission in the Chinese economy employing novel Morlet wavelet analysis. Wavelet correlation, continuous wavelet transform and partial and the multiple wavelet coherence analyses are applied on variables under study for data acquired during the period 1979 to 2017. The outcome of these analyses reveals that the connections among the variables progress over frequency and time. From the frequency domain point of view, the current study discovers noteworthy wavelet coherence and robust lead and lag linkages, although time domain reveals inconsistent associations among the considered variables. The wavelet analysis according to economic point of view supports that inward foreign direct investment (FDI) and renewable energy consumption help to enhance economic condition in Chinese economy. The results also suggested that inward FDI enhances the environmental degradation in medium and long run in China. The results emphasize the significance of having organized strategies by the policymakers to cope with huge environmental degradation occurred for a couple of decades in China.</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><doi>10.1007/s11356-020-08836-8</doi><tpages>19</tpages></addata></record>
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subjects Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Coherence
Continuous wavelet transform
Data acquisition
Earth and Environmental Science
Economic analysis
Economic conditions
Economic development
Economic growth
Economics
Ecotoxicology
Emission analysis
Emissions
Energy consumption
Environment
Environmental Chemistry
Environmental degradation
Environmental Health
Environmental impact
Environmental science
Foreign investment
Morlet wavelet
Renewable energy
Renewable resources
Research Article
Waste Water Technology
Water Management
Water Pollution Control
Wavelet analysis
Wavelet transforms
title Dynamic connection between inward foreign direct investment, renewable energy, economic growth and carbon emission in China: evidence from partial and multiple wavelet coherence
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