Abstract:

The relationship between the environment and sustainable development is a highly valued and popular topic among the economists. This includes studies on the environmental consequences of foreign direct investments. Two main hypotheses, the pollution haven hypothesis and the pollution halo hypothesis, which reflect different perspectives on these consequences, are frequently discussed. The literature on the environmental impacts of FDI reveals a significant focus on the relationship between FDI and environmental quality, especially in the context of the pollution haven hypothesis. Understanding the dynamics of these hypotheses is of great importance for policymakers and economists to develop strategies that promote sustainable development by taking into account the interaction between global environmental policies and economic activities. In the study, bibliometric analysis was applied for 510 articles on the subject published in the WoS database for the period 2001-2023. According to the results of the analysis, the most frequently used keywords in the related articles are CO2 emissions, economic growth, foreign direct investment and renewable energy. Authors such as Shahbaz, M., Hao, Y., Acheampong, Ao., Paramati, Sr. and Dong, K. produced the most articles on the topic and China was the most collaborated country in the articles. The most cited articles were produced in China, USA and Malaysia and the top three most cited articles were Tamazian et al., 2009; Balsalobre-Lorente et al., 2018; and Jalil and Feridun, 2011. The emerging themes are cdm (clean development mechanism) projects, deforestation, development spillovers, emission reduction technology, carbon leakage, club convergence, spillovers.

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