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The Nexus between Foreign Direct Investment, Open Commerce, ICT Taxation and Climate Change in a Developing Country

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  • Cordelia Onyinyechi Omodero
  • Francis Odianonsen Iyoha

Abstract

The study explores the relationship between foreign direct investment (FDI), information and communication technology (ICT) taxes, open commerce, and CO2 pollutants in Nigeria from 2010 to 2020 using Pearson Product Moment Correlation (PPMC). CO2 emissions figures are collected in Million Tonnes from the World Data Atlas. Data on ICT taxes and FDI are gathered from the Federal Inland Revenue Service and the OECD database respectively. Trade openness data are obtained from the World Economic Indicators. The findings show that FDI has a very strong negative link with CO2 emissions in Nigeria. Similarly, there is a clear negative association between ICT taxes and FDI. However, there is a significant positive correlation between ICT taxes and CO2 emissions. Open trade has an intangible negative relationship with CO2 and an intangible positive relationship with FDI and ICT taxes. Based on the findings, the study provides recommendations to strengthen government policies in the respective areas of concern.

Suggested Citation

  • Cordelia Onyinyechi Omodero & Francis Odianonsen Iyoha, 2022. "The Nexus between Foreign Direct Investment, Open Commerce, ICT Taxation and Climate Change in a Developing Country," The Economics and Finance Letters, Conscientia Beam, vol. 9(2), pages 180-190.
    • Handle: RePEc:pkp:teafle:v:9:y:2022:i:2:p:180-190:id:3103
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