Innovation, financial risk and natural resources for sustainable development: Fresh evidence from BRICS economies

Guo-min, FU; Zhu, Sijia

doi:10.1016/j.resourpol.2022.103252

Cited by 9 publications

(1 citation statement)

References 78 publications

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“…Therefore, we anticipate that an economy's political power will be crucial in regulating CO 2 emissions. Third, financial risk gauges a nation's ability to pay for its government's operations, including its obligations under official, commercial, and trade debt (Fu & Zhu, 2023). In conclusion, an economy's productivity and ability to service its debt increase with decreasing financial risk.…”

Section: Introductionmentioning

confidence: 99%

Achieving green environment in Brazil, Russia, India, China, and South Africa economies: Do composite risk index, green innovation, and environmental policy stringency matter?

Udeagha

Muchapondwa

2023

Sustainable Development

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The Paris Accord has brought the world's governments together to begin implementing plans for their individual economies to become carbon‐free. The goal of attaining low‐carbon growth is not, however, as simple as it would appear since the world economies, which are dependent on fossil fuels and are fast expanding, are concentrated on accelerating economic expansion at the price of worse environmental effects. In light of this, the study aims to investigate the combined effects of the composite risk index (CRI), green innovation (GINOV), and environmental policy stringency (EPS) on carbon dioxide (CO2) emissions in the context of Brazil, Russia, India, China, and South Africa (BRICS) countries while controlling for gross domestic product (GDP) and renewable energy research and development (RERD) over the period from 1960 to 2020. The research addresses the problems of cross‐sectional dependence and slope heterogeneity in the data set used for analysis by using the second‐generation cross‐sectionally augmented autoregressive distributed lags framework to evaluate long‐ and short‐run models. The corresponding findings show cointegrating relationships between the research variables. Additionally, the results of the regression demonstrate that EPS, GINOV, and RERD contribute to a long‐term decrease in CO2 emissions. CRI and GDP, however, increase CO2 emissions. It is suggested that environmental policies be tightened, GINOV and RERD expenditures be promoted, political stability and institutional quality be maintained, and clean economic growth strategies be adopted in order to help the BRICS countries reduce sectoral risks, create a sustainable environment, and decarbonize their respective economies.

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Section: Introductionmentioning

confidence: 99%

Achieving green environment in Brazil, Russia, India, China, and South Africa economies: Do composite risk index, green innovation, and environmental policy stringency matter?

Udeagha

Muchapondwa

2023

Sustainable Development

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Technological innovation, militarization, and environmental change: evidence from BRICS economies

Zhu,

Chang,

Chen

2024

Environ Sci Pollut Res

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In the complex international society, the economic development and defense construction of BRICS countries have attracted increasing attention. This article incorporates technological innovation, militarization, and climate change into a unified analytical framework to assess the potential impact of technological progress and defense military expenditure on the environment in BRICS countries. Based on CSD tests, unit root tests, and cointegration tests, this study constructs a CS-ARDL model to examine the long-term and short-term relationships among various variables from 1990 to 2021. The results show that technological innovation, military expenditure, and economic growth can significantly increase ecological footprint in the long run, while in the short term, technological innovation and economic growth significantly increase ecological footprint, and the impact of military expenditure is not significant. It is suggested that BRICS countries should focus on supporting low-carbon technology policies and research and development investment, while also considering the use of cutting-edge technology to improve military intelligence capabilities in order to reduce the negative impact of technological innovation and military activities on the environment.

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Technological innovation and sustainable development

Atay Polat

2023

Reference Module in Social Sciences

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Innovation, financial risk and natural resources for sustainable development: Fresh evidence from BRICS economies

Cited by 9 publications

References 78 publications

Achieving green environment in Brazil, Russia, India, China, and South Africa economies: Do composite risk index, green innovation, and environmental policy stringency matter?

Achieving green environment in Brazil, Russia, India, China, and South Africa economies: Do composite risk index, green innovation, and environmental policy stringency matter?

Technological innovation, militarization, and environmental change: evidence from BRICS economies

Technological innovation and sustainable development

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