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Abstract

The current study explores the effect of Foreign Direct Investment (FDI) on CO2 emissions in Azerbaijan utilizing time series data spanning from 1996 to 2013. The structural time series modeling (STSM) approach is employed in empirical estimations. The STSM framework allows parameters to evolve over time. Estimation results show that the coefficients of FDI and income are time-varying.

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Altay Ismayilov
Altay Ismayilov

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Anar Rzayev
Anar Rzayev

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Shahriyar Aliyev
Shahriyar Aliyev

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Shahriyar Mukhtarov
Shahriyar Mukhtarov

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Mikayilov, Jeyhun
Energy and Macroeconomics
Mikayilov, Jeyhun

Principal Fellow- Energy Macro & Microeconomics

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