The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies

被引:18
|
作者
Adebayo, Tomiwa Sunday [1 ]
Samour, Ahmed [2 ]
Alola, Andrew Adewale [3 ,4 ]
Abbas, Shujaat [5 ]
Aga, Mehmet [6 ]
机构
[1] Cyprus Int Univ, Fac Econ & Adm Sci, Dept Econ, Via Mersin 10, Nicosia, Northern Cyprus, Turkiye
[2] Dhofar Univ, Dept Accounting, Salalah, Oman
[3] Inland Norway Univ Appl Sci, CREDS Ctr Res Digitalizat & Sustainabil, Hamar, Norway
[4] Nisantasi Univ, Fac Econ Adm & Social Sci, Istanbul, Turkiye
[5] Ural Fed Univ, Grad Sch Econ & Management, Ekaterinburg, Russia
[6] Cyprus Int Univ, Fac Econ & Adm Sci, Dept Accounting & Finance, Via Mersin 10, Nicosia, Northern Cyprus, Turkiye
关键词
Ecological footprint; Natural resources; Renewable energy; Trade globalisation; FINANCIAL DEVELOPMENT; NONRENEWABLE ENERGY; CO2; EMISSIONS; GROWTH; PANELS;
D O I
10.1016/j.heliyon.2023.e15734
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
The BRICS nations have yet to significantly contribute to achieving Sustainable Development Goals (SDG) 7 and 13. Dealing with this problem might necessitate a policy shift, which is the main topic of this research. Therefore, the current study scrutinizes the interrelationship between natural resources, energy, trade globalisation and ecological footprint using panel data from the period between 1990 and 2018 for the BRICS nations. To assess the interrelationship between ecological footprint and its determinants, we used the Cross sectional autoregressive distributed lag (CS-ARDL) and common correlated effects. mean group (CCEMG) estimators. The findings show that economic progress, and natural resources lessen ecological quality, while renewable energy and trade globalization improves ecological quality in the BRICS nations. Based on these results, the BRICS nations need to upgrade their use of renewable energy sources and improve the structure of their natural resource endowments. Furthermore, trade globalisation necessitates immediate policy responses in these nations since it reduces ecological damage.
引用
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页数:14
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