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Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?

Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of...

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Autores principales: Hussain, Muzzammil, Arshad, Zeeshan, Bashir, Adnan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8853179/
https://www.ncbi.nlm.nih.gov/pubmed/35171421
http://dx.doi.org/10.1007/s11356-022-19000-9
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author Hussain, Muzzammil
Arshad, Zeeshan
Bashir, Adnan
author_facet Hussain, Muzzammil
Arshad, Zeeshan
Bashir, Adnan
author_sort Hussain, Muzzammil
collection PubMed
description Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of economic policy uncertainty (EPU), ERT, ES, and ecological footprint (EF). Therefore, this study is an effort to examine the EPU, ERT, ES, and interaction of EPU and ERT on EF for BRICS economies under the umbrella of the STIRPAT model. By using the data from 1992 to 2020, findings are estimated through “cross-sectional dependence (CD test); CIPS and CADF unit root test; Westerlund’s co-integration; and CS-ARDL, AMG, and CCEMG.” Findings unveiled the negative role of EPU on EF. Furthermore, the role of RE and ERT is positive and substantial in decreasing the environmental degradation in BRICS. Therefore, the BRICS economies are suggested to be consistent on economic policies to catch the positive impact of ERT. Findings are robust to the policy implications.
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spelling pubmed-88531792022-02-18 Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint? Hussain, Muzzammil Arshad, Zeeshan Bashir, Adnan Environ Sci Pollut Res Int Research Article Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of economic policy uncertainty (EPU), ERT, ES, and ecological footprint (EF). Therefore, this study is an effort to examine the EPU, ERT, ES, and interaction of EPU and ERT on EF for BRICS economies under the umbrella of the STIRPAT model. By using the data from 1992 to 2020, findings are estimated through “cross-sectional dependence (CD test); CIPS and CADF unit root test; Westerlund’s co-integration; and CS-ARDL, AMG, and CCEMG.” Findings unveiled the negative role of EPU on EF. Furthermore, the role of RE and ERT is positive and substantial in decreasing the environmental degradation in BRICS. Therefore, the BRICS economies are suggested to be consistent on economic policies to catch the positive impact of ERT. Findings are robust to the policy implications. Springer Berlin Heidelberg 2022-02-16 2022 /pmc/articles/PMC8853179/ /pubmed/35171421 http://dx.doi.org/10.1007/s11356-022-19000-9 Text en © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2022 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Research Article
Hussain, Muzzammil
Arshad, Zeeshan
Bashir, Adnan
Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title_full Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title_fullStr Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title_full_unstemmed Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title_short Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
title_sort do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8853179/
https://www.ncbi.nlm.nih.gov/pubmed/35171421
http://dx.doi.org/10.1007/s11356-022-19000-9
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