Adebayo Tomiwa Sunday, Samour Ahmed, Alola Andrew Adewale, Abbas Shujaat, Ağa Mehmet
Department of Economics, Faculty of Economic and Administrative Science, Cyprus International University, Nicosia, Northern Cyprus, via Mersin-10, Turkey.
Department of Accounting , Dhofar University, Salalah, Sultanate of Oman.
Heliyon. 2023 Apr 25;9(5):e15734. doi: 10.1016/j.heliyon.2023.e15734. eCollection 2023 May.
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.
金砖国家在实现可持续发展目标7和13方面尚未做出重大贡献。解决这一问题可能需要政策转变,这是本研究的主要主题。因此,本研究利用1990年至2018年期间金砖国家的面板数据,审视了自然资源、能源、贸易全球化与生态足迹之间的相互关系。为了评估生态足迹与其决定因素之间的相互关系,我们使用了横截面自回归分布滞后模型(CS-ARDL)和共同相关效应均值组估计量(CCEMG)。研究结果表明,经济增长和自然资源会降低生态质量,而可再生能源和贸易全球化则会改善金砖国家的生态质量。基于这些结果,金砖国家需要提升对可再生能源的利用,并改善其自然资源禀赋结构。此外,贸易全球化要求这些国家立即做出政策回应,因为它能减少生态破坏。