The Effects of FDI, ICT, CO2 Emissions and Financial Development on Economic Growth: Evidence From The APEC

DOI

10.2991/978-94-6463-583-6_11How to use a DOI?

Keywords

CO2 emissions; Economic growth; FDI; Financial development; ICT

Abstract

We research the impact of foreign direct investment (FDI), information and communication technology (ICT), financial development, and CO2 emissions on economic growth. The study was carried out using the OLS regression method with data from 20 countries and territories belonging to the Asia-Pacific Economic Cooperation (APEC) period 2000 - 2020. Empirical results find that Foreign Direct Investment (FDI) has a positive impact on the economic growth of developing countries, but not an impact on the economic growth of developed countries in APEC, while the development of the information and communication technology (ICT) system has a negative effect. However, ICT has an unclear impact on the economic growth of developed countries. Besides, a country's financial development as represented by its financial liquidity index (DLIQLIA) has a negative impact on economic growth, especially for developing countries. In addition, domestic financial development is not a catalyst for FDI to have an impact on economic growth in that country. CO2 emissions have a positive impact on economic growth and have a greater impact on economic growth in developed countries than in developing countries. The results have practical implications from which to make policy proposals for economic growth, environmental protection, and effective access to technology.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Le Quoc Chi
AU  - Ngo Tuan Phong
AU  - Nguyen Anh Tai
AU  - Nguyen Ngoc Y. Nhi
AU  - Quach Doanh Nghiep
PY  - 2024
DA  - 2024/11/26
TI  - The Effects of FDI, ICT, CO2 Emissions and Financial Development on Economic Growth: Evidence From The APEC
BT  - Proceedings of the 2nd International Conference - Resilience by Technology and Design (RTD 2024)
PB  - Atlantis Press
SP  - 162
EP  - 244
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-583-6_11
DO  - 10.2991/978-94-6463-583-6_11
ID  - Chi2024
ER  -