TY - JOUR
T1 - Analyzing the role of governance in CO2 emissions mitigation
T2 - The BRICS experience
AU - Danish,
AU - Baloch, Muhammad Awais
AU - Wang, Bo
N1 - Publisher Copyright:
© 2019 Elsevier B.V.
PY - 2019/12
Y1 - 2019/12
N2 - The linkage between economic growth and carbon dioxide (CO2) emissions has been quantified from both a theoretical perspective and an empirical perspective. However, these studies did not address the role of governance in environmental quality explicitly. Therefore, the current study examines the behavior of governance in CO2 emissions within the framework of the Environmental Kuznets Curve hypothesis for panel data from 1996 to 2017 for BRICS countries. The study employs Westerlund panel cointegration for investigation of cointegration among study's variables. The long-run panel data estimation methods those eliminate dependencies across countries, heteroscedasticity, and spatial and serial dependency issues are used. To summarize the finding, governance has negative and statistically significant effects on CO2 emissions, help to form the Environmental Kuznets Curve hypothesis and reduces CO2 emissions in the BRICS countries.
AB - The linkage between economic growth and carbon dioxide (CO2) emissions has been quantified from both a theoretical perspective and an empirical perspective. However, these studies did not address the role of governance in environmental quality explicitly. Therefore, the current study examines the behavior of governance in CO2 emissions within the framework of the Environmental Kuznets Curve hypothesis for panel data from 1996 to 2017 for BRICS countries. The study employs Westerlund panel cointegration for investigation of cointegration among study's variables. The long-run panel data estimation methods those eliminate dependencies across countries, heteroscedasticity, and spatial and serial dependency issues are used. To summarize the finding, governance has negative and statistically significant effects on CO2 emissions, help to form the Environmental Kuznets Curve hypothesis and reduces CO2 emissions in the BRICS countries.
KW - BRICS
KW - COemissions
KW - Driscoll-Kraay standard error
KW - Governance
UR - http://www.scopus.com/inward/record.url?scp=85071727126&partnerID=8YFLogxK
U2 - 10.1016/j.strueco.2019.08.007
DO - 10.1016/j.strueco.2019.08.007
M3 - Article
AN - SCOPUS:85071727126
SN - 0954-349X
VL - 51
SP - 119
EP - 125
JO - Structural Change and Economic Dynamics
JF - Structural Change and Economic Dynamics
ER -