Role of technological innovation and globalization in BRICS economies: policy towards environmental sustainability

IF 6.5 3区环境科学与生态学 Q1 ECOLOGY International Journal of Sustainable Development and World Ecology Pub Date : 2022-03-30 DOI:10.1080/13504509.2022.2059032

Abraham Ayobamiji Awosusi, T. Adebayo, Derviş Kırıkkaleli, Mehmet Altuntaş

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引用次数: 83

Abstract

ABSTRACT The present study aims to discover the impact of political risk, globalization and technological innovation on the ecological footprint in the BRICS economies by employing a dataset covering the period between 1990 and 2017 and incorporating non-renewable energy utilization and economic growth as other regressors through the utilization of panel quantile regression. The outcomes established that economic growth, non-renewable energy usage, political risk and technological innovation increase ecological footprint. Conversely, globalization significantly decreases the ecological footprint. The panel ordinary least squares approach serves as a sensitivity test for the robustness of the analysis. Furthermore, the Dumitrescu-Hurlin panel causality test confirmed that a bidirectional causal interaction exists between ecological footprint and the regressors of technological innovation, globalization, non-renewable energy and economic growth, while a one-way causal interconnection runs from ecological footprint to political risk. Notably, the general policy suggestion indicates the need for policymakers to intensively coordinate efforts to combat the serious environmental deterioration in the BRICS economies.

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技术创新和全球化在金砖国家经济中的作用:环境可持续性政策

本研究旨在利用1990年至2017年的数据集，利用面板分位数回归，将不可再生能源利用和经济增长作为其他回归指标，发现政治风险、全球化和技术创新对金砖国家经济生态足迹的影响。研究结果表明，经济增长、不可再生能源使用、政治风险和技术创新都会增加生态足迹。相反，全球化显著减少了生态足迹。面板普通最小二乘方法作为分析稳健性的敏感性检验。此外，duitrescui - hurlin面板因果检验证实，生态足迹与技术创新、全球化、不可再生能源和经济增长等回归因子之间存在双向因果关系，而生态足迹与政治风险之间存在单向因果关系。值得注意的是，总体政策建议表明，决策者需要密切协调努力，应对金砖国家经济中严重的环境恶化。

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来源期刊

International Journal of Sustainable Development and World Ecology 环境科学-生态学

CiteScore

11.10

自引率

3.60%

发文量

审稿时长

18-36 weeks

期刊介绍： The International Journal of Sustainable Development and World Ecology is now over fifteen years old and has proved to be an exciting forum for understanding and advancing our knowledge and implementation of sustainable development. Sustainable development is now of primary importance as the key to future use and management of finite world resources. It recognises the need for development opportunities while maintaining a balance between these and the environment. As stated by the UN Bruntland Commission in 1987, sustainable development should "meet the needs of the present generation without compromising the ability of future generations to meet their own needs."