Does economic fitness matter in carbon emissions mitigation in BRICS countries?

Ul-Haq, Jabbar; Visas, Hubert; Umair, Muhammad; Hussain, Zahid; Khanum, Sana

doi:10.1007/s11356-023-26162-7

Cited by 21 publications

(5 citation statements)

References 182 publications

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“…Additionally, LMMX and FD are positively connected to CO2E. These findings are consistent with Farooq, et al[1] for SAARC and Ul-Haq, et al[79] for BRICS. The urban population has a mixed relationship and FDI is positively related to CO2E.…”

supporting

confidence: 88%

“…There will be an inverted U-shaped relationship between CO2E and growth if the parameter of the linear term is positive and the quadratic term is negative. There will be a U-shaped link between CO2E and growth if the parameter of the linear term is negative and quadratic term is positive [79].…”

Section: Datamentioning

confidence: 99%

“…In the presence of CSD, Heteroskedasticity, and serial correlation, the Feasible Generalized Least Squares (FGLS) is a better choice among all competing models [79][80][81][82][83][84][85]. Therefore, the FGLS procedure is employed for examining the effects of EG on CO2E.…”

Section: Datamentioning

confidence: 99%

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Exploring the liaison between industrial CO2 emissions and economic growth in ASEAN countries: A dis-aggregated analysis

Shahzad,

Ul-Haq,

Cheema

et al. 2023

5003

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Global warming has become an emerging and serious issue in the world, with adverse effects on human life and a threat to survival. Besides being a key contributor to a country's economic growth (EG), the manufacturing and construction sector (M&C) is also one of the major sectors that cause environmental degradation. We investigate the link between M&C’s CO2E and economic growth (both overall and sectoral growth) in the context of the Environmental Kuznets Curve (EKC) at aggregate and disaggregate levels in the Associations of Southeast Asia Nations (ASEAN), using data from 1995 to 2018. We employ the feasible generalized least squares (FGLS) and Panel-Corrected Standard Errors (PCSE) estimation techniques to examine the existence of the Environmental Kuznets Curve (EKC) at aggregate and disaggregate levels in ASEAN countries. We find evidence of an inverted U-shaped EKC at both the aggregate and disaggregate levels. After including other variables such as financial development, urbanization, foreign direct investment, and manufactured goods exports, our findings are robust and statistically significant. Our study suggests that policymakers should sanction such measures to reduce CO2 emissions from the M&C sector while maintaining economic growth.

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supporting

confidence: 88%

Section: Datamentioning

confidence: 99%

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Exploring the liaison between industrial CO2 emissions and economic growth in ASEAN countries: A dis-aggregated analysis

Shahzad,

Ul-Haq,

Cheema

et al. 2023

5003

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“…Based on the studies conducted by [27,29,30], the postulated generalised link can be expressed as follows.…”

Section: Econometric Tool (A) the Feasible Generalized Least Squares ...mentioning

confidence: 99%

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Ganda

2024

Sustainability

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The global climate is undergoing a significant and unprecedented transformation. The phenomenon presents a significant peril to the well-being of the human population, biodiversity, and the overall stability of the global ecosystem. This article explores the relationship and impact between environmental governance, green goods, non-green goods, and eco-innovation on material footprint and renewable energy for the BRICS countries from 2000 to 2019. We apply the FGLS and PCSE approaches to estimate the relationships, and the Dumitrescu and Hurlin test to ascertain causality. The study reveals that eco-innovation and environmental governance produce a statistically significant positive relationship with both material footprint and renewable energy consumption. Economic growth generates an insignificantly positive link with material footprint and renewable energy use. The findings also illustrate that non-green goods generate a significantly negative association with both material footprint and green energy use. Green goods depict a significant and positive relationship with material footprint, but a significantly negative relationship with renewable energy consumption in the BRICS situation. The causality results demonstrate a bi-directional causality association between non-green goods and material footprint, green goods and material footprint, renewable energy use and eco-innovation, renewable energy consumption and environmental governance, and renewable energy use and green goods. Moreover, a uni-directional causality relationship running from eco-innovation to material footprint, environmental governance to material footprint, non-green goods to renewable energy consumption, material footprint to economic development, and renewable energy consumption to economic growth is established. The study’s findings provide light on the association between the parameters and unsustainable and sustainable green practices on material footprint and renewable energy consumption, respectively, within the BRICS framework. These findings offer useful insights for policymakers, emphasizing the need for nations to work together in order to create a balanced and harmonious relationship between economic progress and environmental conservation from an emerging economy scale.

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“…The coefficient αit captures the average effect on LITA when FDC has no influence, other αs capture the direction and importance of other exogenous variables, and εit is the disturbance. KC will adopt various forms (i.e., U-shaped, inverted U-shaped, N-shaped, and inverted N-shaped) depending on the signs of α linked with EG (Allard et al, 2018;Farooq, Ul-Haq, & Cheema, 2023;Lorente & Álvarez-Herranz, 2016;Ul-Haq, Visas, Umair, Hussain, & Khanum, 2023).…”

Section: Model Specificationmentioning

confidence: 99%

Fiscal decentralization, energy security, economic growth, and tourism nexus: Evidence from big six economies

Ul-Haq,

Mushtaq,

Visas

et al. 2023

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The travel and tourism industry contributes significantly to economic growth, global connectivity, and quality of life. We investigate the relationship between fiscal decentralization, energy security, economic growth, and tourism for the leading-six economies (namely China, France, Germany, Japan, the UK, and the USA) from 1995 to 2018 and examine the existence of the Kuznets curve (KC) between TR and FDC. Feasible generalized least squares (FGLS) and Panel corrected standard errors (PCSE) are employed for empirical examination of the liaison between the said variables. In the leading six economies, we find evidence for the N-shaped Kuznets curve. Fiscal decentralization (FDC), economic growth (EG), and energy security (ES) promote tourism. Other controls, such as tourism development and urbanization, are also included in the core model to check the robustness of the results. Our findings are insensitive to the integration of the other controls and econometric models. We find a positive relationship between urbanization, tourism development, and tourism, emphasizing the importance of tourism development and urbanization. The policy implication is that the top six economies can achieve sustainable growth in tourism by decentralizing their fiscal policies, boosting their economic growth, and ensuring their energy securities.

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Does economic fitness matter in carbon emissions mitigation in BRICS countries?

Cited by 21 publications

References 182 publications

Exploring the liaison between industrial CO2 emissions and economic growth in ASEAN countries: A dis-aggregated analysis

Exploring the liaison between industrial CO2 emissions and economic growth in ASEAN countries: A dis-aggregated analysis

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Fiscal decentralization, energy security, economic growth, and tourism nexus: Evidence from big six economies

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