Data for: Does FDI influence renewable energy consumption? An analysis of sectoral FDI impact on renewable and non-renewable industrial energy consumption

Abstract of associated article: This study examines the link between foreign direct investment (FDI) and energy demand. FDI is a source of financing that allows businesses to grow. At the same time, FDI can be a source of innovation that promotes energy efficiency. Existing evidence on the impact of aggregate FDI inflows on energy consumption is scarce and inconclusive. In the current study, we disaggregate FDI inflows into mining, manufacturing, total services, and financial services components and examine the impact of these FDI flows on renewable – and non-renewable industrial energy – sources for 74 countries for the period 1985–2012. We employ a Blundell–Bond dynamic panel estimator to control for endogeneity and omitted variable biases in our panels. The results point broadly to an energy consumption-reducing effect with respect to non-renewable sources of energy and an energy consumption-augmenting effects with respect to renewable energy. We find that these effects vary in magnitude and significance by sectoral FDI.关联研究论文摘要：本研究探讨了外商直接投资（Foreign Direct Investment, FDI）与能源需求之间的关联。外商直接投资既是助力企业成长的融资来源，同时也是推动能源效率提升的创新源泉。目前针对总体外商直接投资流入对能源消费影响的实证研究较为匮乏，且结论尚无定论。本研究将外商直接投资流入拆解为矿业、制造业、服务业整体与金融服务业四个细分板块，并针对1985年至2012年间的74个国家，考察了此类外商直接投资流动对可再生与不可再生工业能源来源的影响。本研究采用布伦德尔-邦德（Blundell–Bond）动态面板估计方法，以控制面板数据中存在的内生性与遗漏变量偏误。研究结果整体表明，外商直接投资对不可再生能源来源呈现能源消费抑制效应，而对可再生能源则呈现能源消费提振效应，且上述效应的强度与显著性因细分行业的外商直接投资而异。