Asymmetric role of environmental policy stringency, fiscal, and monetary policy on environmental sustainability: Evidence from BRICS‐T countries DOI

Arjun Goyal,

Bibhuti Ranjan Mishra

Natural Resources Forum, Год журнала: 2024, Номер unknown

Опубликована: Фев. 27, 2024

Abstract Climate change is often discussed and serves as an essential topic among policymakers researchers. This study aims to examine the impact of macroeconomic policy “environmental stringency” (EPS) on “ecological footprint” (EF) “load capacity factor” (LCF) for BRICS‐T (Brazil, Russia, India, China, South Africa, Turkey) countries using annual data from 1990 2022. It also explores other environmental sustainability factors, such economic growth disintegrated energy. investigation utilizes second‐generation approaches Westerlund cointegration, “method moments quantile regression” (MMQR), panel causality test. Furthermore, a robustness check done long‐run estimators, dynamic ordinary least square (DOLS), fully modified (FMOLS), fixed effect (FE‐OLS). Overall, findings method regression (MMQR) test concerning EF suggest that fiscal contribute quality. Meanwhile, monetary policy, renewable energy consumption, stringency mitigate pollution level in all quantiles. Moreover, results LCF model indicate stringency, consumption improve condition. However, has damaged each quantile. In addition, confirm validity inverted U‐shaped Environmental Kuznets Curve (EKC) hypothesis LCC hypothesis. The estimators support outcomes MMQR method. empirical DH heterogeneous presence bidirectional unidirectional between parameters, underscoring interventions government expenditure, money supply, EPS significantly quality vice versa. Thus, recommends allocating more funds eco‐friendly technology, initiating green lending program, enforcing stringent laws regulations attain Sustainable Development Goals.

Язык: Английский

Asymmetrical impact of natural resources and the digital economy on green growth in the top five Asian knowledge-based economies DOI

Hui Liu,

Donglin Chen

Resources Policy, Год журнала: 2023, Номер 88, С. 104525 - 104525

Опубликована: Дек. 15, 2023

Язык: Английский

Процитировано

12

Exploring the impact of financial globalization, good governance and renewable energy consumption on environmental pollution: Evidence from BRICS-T countries DOI Creative Commons

Ruikun Lu,

Yue Yang,

Jianwen Liu

и другие.

Heliyon, Год журнала: 2024, Номер 10(13), С. e33398 - e33398

Опубликована: Июнь 21, 2024

The nations of Brazil, Russia, India, China, South Africa, and Turkey (BRICS-T) have yet to find a satisfactory answer the problem how reduce environmental pollution in their environments significantly. Using panel data from 1990 2022, this study analyzes dynamic relationship between energy financial globalization (FG), good governance (GG), renewable consumption (REC), urbanization (URB), economic growth (GDP), pollution. To estimate long-run short-run interaction among variables, research included Cross-sectional- ARDL. This shows that growth, use, urbanization, degradation correlate positively In contrast, BRICS-T economies significantly reduced due FG, GG REC. These results also lend credence Environmental Kuznets Curve (EKC) concept for developing nations, which has been focus recent attention. Additionally, fixed effects-difference differences (FE-DK) AMG robustness tests validate CS-ARDL estimator. Finally, findings found countries may benefit study.

Язык: Английский

Процитировано

4

Natural Resources Consumption, Renewable Energy Investments and Digital Infrastructure: Analyzing Climate Change in Top‐10 Resource Consuming Economies DOI
Siman Xie, Fouad Jamaani, Muhammad Farhan Bashir

и другие.

Sustainable Development, Год журнала: 2025, Номер unknown

Опубликована: Апрель 23, 2025

ABSTRACT The continuous industrial developments mean global economies are under heightened pressure to enact pro‐environmental policies and solve climate change warming. In order examine the sustainable development transition, current study articulates natural resources, digital infrastructure, renewable energy investments, institutional governance, economic growth in top‐10 resource‐consuming economies. empirical analysis analyzes dataset from 1996 2022 report that governance lower challenges. contrast, dependency on resources endanger ecological sustainability. Our robust theoretical econometric helps us suggest policy frameworks help achieve goals.

Язык: Английский

Процитировано

0

Role of electric vehicles technology and research & development for green energy adoption: do human capital and economic globalization matter in the context of China? DOI
Waqas Amin, Shouhong Xie

Environment Development and Sustainability, Год журнала: 2025, Номер unknown

Опубликована: Май 3, 2025

Язык: Английский

Процитировано

0

Asymmetric role of environmental policy stringency, fiscal, and monetary policy on environmental sustainability: Evidence from BRICS‐T countries DOI

Arjun Goyal,

Bibhuti Ranjan Mishra

Natural Resources Forum, Год журнала: 2024, Номер unknown

Опубликована: Фев. 27, 2024

Abstract Climate change is often discussed and serves as an essential topic among policymakers researchers. This study aims to examine the impact of macroeconomic policy “environmental stringency” (EPS) on “ecological footprint” (EF) “load capacity factor” (LCF) for BRICS‐T (Brazil, Russia, India, China, South Africa, Turkey) countries using annual data from 1990 2022. It also explores other environmental sustainability factors, such economic growth disintegrated energy. investigation utilizes second‐generation approaches Westerlund cointegration, “method moments quantile regression” (MMQR), panel causality test. Furthermore, a robustness check done long‐run estimators, dynamic ordinary least square (DOLS), fully modified (FMOLS), fixed effect (FE‐OLS). Overall, findings method regression (MMQR) test concerning EF suggest that fiscal contribute quality. Meanwhile, monetary policy, renewable energy consumption, stringency mitigate pollution level in all quantiles. Moreover, results LCF model indicate stringency, consumption improve condition. However, has damaged each quantile. In addition, confirm validity inverted U‐shaped Environmental Kuznets Curve (EKC) hypothesis LCC hypothesis. The estimators support outcomes MMQR method. empirical DH heterogeneous presence bidirectional unidirectional between parameters, underscoring interventions government expenditure, money supply, EPS significantly quality vice versa. Thus, recommends allocating more funds eco‐friendly technology, initiating green lending program, enforcing stringent laws regulations attain Sustainable Development Goals.

Язык: Английский

Процитировано

3