Economic growth and environmental sustainability within the BRICS countries: a comparative analysis

Q2 Economics, Econometrics and Finance

International Journal of Green Economics Pub Date : 2020-11-23 DOI:10.1504/ijge.2020.10032310

O. D. Awolusi, Josue Mbonigaba

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引用次数: 4

Abstract

Increasing environmental degradation is seen as a major threat to sustainability in the BRICS (Brazil, Russia, India, China and South Africa) countries. Consequently, this study analysed the effect of economic growth on environmental sustainability within the BRICS countries using a panel data set from 1990 to 2017. Owing to the probable cross-sectional dependency errors, the study's estimates via the Auto Regressive Distributed Lag (ARDL) were supported by Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) estimates. The results confirm that economic growth and environmental sustainability are co-integrated at the panel level, indicating the presence of long-run equilibrium relationships. The study concluded that GDP growth exhibits a negative impact on environmental degradation in the short run but seem to have reversed in the long run - tacit support for the Environmental Kuznets Curve (EKC) hypothesis. All robustness checks, including temporal and spatial changes, validated our main findings. Various policy implications and recommendations are highlighted.

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金砖国家经济增长与环境可持续性:比较分析

日益严重的环境退化被视为金砖国家(巴西、俄罗斯、印度、中国和南非)可持续发展的主要威胁。因此，本研究使用1990年至2017年的面板数据集分析了金砖国家经济增长对环境可持续性的影响。由于可能存在横断面依赖误差，本研究通过自回归分布滞后(ARDL)估计得到了横断面自回归分布滞后(CS-ARDL)估计的支持。结果表明，经济增长和环境可持续性在面板水平上是协整的，表明存在长期均衡关系。该研究的结论是，GDP增长在短期内对环境退化表现出负面影响，但在长期内似乎已经逆转-隐性支持环境库兹涅茨曲线(EKC)假设。所有稳健性检查，包括时间和空间变化，验证了我们的主要发现。强调了各种政策影响和建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Green Economics Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

3.40

自引率

0.00%

发文量

期刊介绍： IJGE, a peer-reviewed international journal, proposes and fosters discussion on all aspects of Green Economics. It contributes to international research and practice in Green Economics with the aim of encouraging economic change and the positioning of Green Economics at the centre of the Economics disciplines. Green Economic theories and policies, tools, instruments and metrics are developed with the aim of offering practical and theoretical solutions and proposals to facilitate a change to the current economic models for the benefit of the widest number of people and the planet as a whole. IJGE focuses particularly on resource management, on meeting peoples’ needs and the impact and effects of international trends and how to increase social justice.