Mohd Shahidan Shaari
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Preferred name
Mohd Shahidan Shaari
Official Name
Mohd Shahidan , Shaari
Alternative Name
Shaari, Mohd Shahidan
Shaari, M. S.
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Scopus Author ID
55561564200
Researcher ID
I-3397-2012

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Determinants of foreign direct investment in ASEAN+3 countries: the role of environmental degradation

2023 , Mohd Shahidan Shaari , Muhamad Huzaifah Asbullah , Noorazeela Zainol Abidin , Zulkefly Abdul Karim , Benjamin Nangle

Foreign direct investment (FDI) can boost economic growth and provide job opportunities. FDI inflows in ASEAN+3 countries have dropped markedly, which may affect economic development in the region. Many previous studies have investigated a multitude of factors that can influence FDI, such as market size, inflation, trade openness, corruption, and inflation. Previous studies did not, however, consider environmental degradation as a potential factor. Besides corruption and inflation, imposing stringent environmental regulations, such as carbon pricing and taxes to reduce environmental degradation, might deter foreign investors from the country. This is due to heightened costs for foreign investors, which may cause FDI inflows to drop. To shed some light on the reality of this situation, this study examines whether environmental degradation can significantly affect foreign direct investment in the region. This study includes environmental degradation as a potential factor and employs the panel ARDL approach to analyse data from 1995 to 2019. Results show that environmental degradation, infrastructure, and corruption can affect the inflow of FDI in the long run. In the short run, inflation can affect FDI. The findings of this study can be utilized by policymakers in formulating the right policies to attract more investors. An increase in infrastructure facilities should be considered to attract more foreign investment. It is also vital for governments to reduce corruption and inflation to attract more FDI inflows. Environmental incentives should also be introduced to ensure that attempts to reduce environmental degradation do not affect FDI inflows.

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The impact of renewable energy consumption and economic growth on CO₂ emissions: new evidence using panel ardl study of selected countries

2020 , Mohd Shahidan Shaari , Noorazeela Zainol Abidin , Zulkefly Abdul Karim

Most countries consume more non-renewable energy to generate economic activities. Hence, economic growth plays a vital role in contributing to higher CO₂ emissions. Therefore, this type of energy has reduced and replaced by renewable energy. Renewable energy is said not to be detrimental to the environment. Consequently, it is imperative to examine the effects of renewable energy consumption and economic growth on CO₂ emissions in selected countries by per capita income. Using a sample of high-income, upper-middle-income, and lower middle-income, and low-income countries for the period of 1990-2017, and the estimation method of the panel ARDL, the main results show that in the long run, overall renewable energy consumption can reduce CO₂ emissions. However, economic growth and population growth can result in higher CO₂ emissions in the long term. In the short run, the results show that higher overall economic growth can contribute to higher CO₂ emissions. Contrarily, higher population growth, and renewable energy consumption can help reduce CO₂ emissions in the short run.

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The Grim Cost of Economic Growth and Environmental Degradation: A Comprehensive Panel ARDL Study of Public Debt in the ASEAN-5 Countries

2023 , Mohd Shahidan Shaari , Faiz Masnan , Mohd Juraij Abd Rani , Zaharah Zainal Abidin , Ridzuan Abdul Rahim , Norreha Othman

This study uses panel ARDL analysis to investigate the connections between GDP growth, environmental degradation, and public debt in the ASEAN-5 countries (Malaysia, Thailand, the Philippines, Singapore, and Indonesia) from 1996 to 2021. It appears that economic development can increase public debt, but investment can reduce public debt in the long run. Moreover, there is a positive correlation between savings and public debt, but only in the short run. These findings raise important considerations for policymakers in striking a balance between economic development, environmental sustainability, and public debt. This study also suggests that savings may positively affect public debt in Indonesia. In contrast, investment may raise debt in the short term in Malaysia, the Philippines, and Singapore. The possible effects of corruption on public debt in the Philippines and environmental damage in both that country and Thailand are also highlighted. Keeping public debt at a manageable level requires policies that balance economic development and environmental protection, as emphasized by this research.

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