School of Economics, University of Hyderabad, Hyderabad, 500046, India.
Environ Sci Pollut Res Int. 2018 Dec;25(35):35515-35530. doi: 10.1007/s11356-018-3523-8. Epub 2018 Oct 22.
In a neo-classical aggregate production and Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) modeling framework, the paper attempts to explore the relationship between disaggregated energy consumption, economic growth, and carbon dioxide emissions in case of five emerging market economies-Brazil, Russia, China, India, and South Africa (BRICS) over the period 1992 to 2016. The study applied the robust unit root, cointegration, and long-run elasticity estimation methods like Pooled Mean Group and differenced panel generalized method of moments for empirical exercise. Having detected the panel heterogeneity and cross-sectional dependence, the cointegration tests documented the evidence of a long-run association among the variables. In the long-run, capital, labor, and non-renewable energy consumption are found to affect the economic growth positively. On the contrary, the impact of renewable energy consumption on the economic growth is found be positive but statistically insignificant. Moreover, population, per-capita income, and non-renewable energy consumption are found to increase the emissions whereas renewable energy consumption decreases them. Therefore, along with a proper emissions controls, BRICS countries should design and implement effective support policies so as to ensure the economic growth along with environmental sustainability.
在新古典综合生产和人口、富裕和技术回归随机影响(STIRPAT)模型框架下,本文试图在 1992 年至 2016 年期间,探讨巴西、俄罗斯、中国、印度和南非(金砖五国)五个新兴市场经济体中能源消费、经济增长和二氧化碳排放之间的关系。研究采用了稳健单位根、协整和长期弹性估计方法,如混合平均组和差分面板广义矩方法进行实证研究。在检测到面板异质性和横截面相关性后,协整检验证明了变量之间存在长期关联的证据。在长期内,资本、劳动力和非可再生能源消费对经济增长有正向影响。相反,可再生能源消费对经济增长的影响是正向的,但在统计上并不显著。此外,人口、人均收入和非可再生能源消费的增加会导致排放增加,而可再生能源消费则会减少排放。因此,金砖国家应在适当控制排放的同时,制定和实施有效的支持政策,以确保在环境可持续性的基础上实现经济增长。