Özet:

There are two opposite views on the impact of foreign direct investments (DYY) on the environmental quality of the countries where they go. The first of these is the view that the DYY prefers countries with low environmental standards and makes the countries to which it goes a “host of pollution”; the second is the view that is called the “host of pollution” by environmentally friendly investments from developed countries to less developed countries. The objective of this study is to test the validity of these two hypotheses with data from the period 1995-2013 and panel integration analyses of the second generation, taking into account the horizontal cut dependence for 11 low-income, 30 low-mediate-income countries in total 41. Panel integration test results used in the case of horizontal cutting dependency and heterogenity have identified the integration relationship in the group of low and low-mediate income countries according to the panel integration test results. According to the DOLSMG test results used to predict the panel integration model; in the low-income country group 4, in the low-income middle country group, the "High-income Asylum Hypothesis" was valid in 13 countries; in the low-income country group, the "High-income Hypothesis" was valid in 4 countries, and in the low-income country group, the "High-income Hypothesis" in 10 countries.

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