The harmful effects of primary sector foreign direct investment on carbon dioxide emissions in developing countries, 2000–2018

Abstract Objective This research investigates whether primary sector foreign direct investment affects carbon dioxide emissions in developing countries. Methods I estimate generalized least squares random effects panel regression models. Results GLS RE panel regression models indicate that primary sector foreign investment dependence is positively associated with total carbon dioxide emissions, which supports the tenets of foreign investment dependency theory. Conclusion This analysis underscores the need for comparative international scientists to conduct more nuanced investigations of the macro‐level processes affecting greenhouse gas emissions in developing countries.