Analyzing the role of governance in CO2 emissions mitigation: The BRICS experience

Danish; Muhammad Awais Baloch; Bo Wang

doi:10.1016/j.strueco.2019.08.007

Analyzing the role of governance in CO₂ emissions mitigation: The BRICS experience

Danish, Muhammad Awais Baloch, Bo Wang^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

260 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	119-125
Number of pages	7
Journal	Structural Change and Economic Dynamics
Volume	51
DOIs	https://doi.org/10.1016/j.strueco.2019.08.007
Publication status	Published - Dec 2019

Keywords

BRICS
COemissions
Driscoll-Kraay standard error
Governance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.strueco.2019.08.007

Cite this

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title = "Analyzing the role of governance in CO2 emissions mitigation: The BRICS experience",

abstract = "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.",

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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.

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