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The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies
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 resou...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172752/ https://www.ncbi.nlm.nih.gov/pubmed/37180906 http://dx.doi.org/10.1016/j.heliyon.2023.e15734 |
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author | Adebayo, Tomiwa Sunday Samour, Ahmed Alola, Andrew Adewale Abbas, Shujaat Ağa, Mehmet |
author_facet | Adebayo, Tomiwa Sunday Samour, Ahmed Alola, Andrew Adewale Abbas, Shujaat Ağa, Mehmet |
author_sort | Adebayo, Tomiwa Sunday |
collection | PubMed |
description | 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. |
format | Online Article Text |
id | pubmed-10172752 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Elsevier |
record_format | MEDLINE/PubMed |
spelling | pubmed-101727522023-05-12 The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies Adebayo, Tomiwa Sunday Samour, Ahmed Alola, Andrew Adewale Abbas, Shujaat Ağa, Mehmet Heliyon Research Article 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. Elsevier 2023-04-25 /pmc/articles/PMC10172752/ /pubmed/37180906 http://dx.doi.org/10.1016/j.heliyon.2023.e15734 Text en © 2023 The Authors https://creativecommons.org/licenses/by/4.0/This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Research Article Adebayo, Tomiwa Sunday Samour, Ahmed Alola, Andrew Adewale Abbas, Shujaat Ağa, Mehmet The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title | The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title_full | The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title_fullStr | The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title_full_unstemmed | The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title_short | The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies |
title_sort | potency of natural resources and trade globalisation in the ecological sustainability target for the brics economies |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172752/ https://www.ncbi.nlm.nih.gov/pubmed/37180906 http://dx.doi.org/10.1016/j.heliyon.2023.e15734 |
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