TY - JOUR
T1 - Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries
T2 - A novel PMG-ARDL approach
AU - Hasan, Md Atik
AU - Voumik, Liton Chandra
AU - Mozumder, Ajharul Islam
AU - Esquivias, Miguel Angel
AU - Verteramo-Chiu, Leslie
AU - Das, Mihir Kumar
N1 - Publisher Copyright:
© 2024 The Authors
PY - 2025/1
Y1 - 2025/1
N2 - This research examines the environmental sustainability dynamics of BRICS countries from 1996 to 2022, focusing on governance, democracy, industrialization, and urbanization's impact on the Load Capacity Factor (LCF). Using the Panel Mean Group Autoregressive Distributed Lag (PMG-ARDL) model, the study validates findings with fully modified OLS (FMOLS) and Common Correlated Effects (CCR) methodologies. Results indicate a positive, statistically significant relationship between the governance index and LCF, suggesting effective governance enhances environmental sustainability. In contrast, democracy, industrialization, and urbanization negatively affect LCF, implying these factors strain resources and hinder sustainability. Strengthening governance and sustainable development policies can mitigate these adverse effects, promoting a resilient future for BRICS countries.
AB - This research examines the environmental sustainability dynamics of BRICS countries from 1996 to 2022, focusing on governance, democracy, industrialization, and urbanization's impact on the Load Capacity Factor (LCF). Using the Panel Mean Group Autoregressive Distributed Lag (PMG-ARDL) model, the study validates findings with fully modified OLS (FMOLS) and Common Correlated Effects (CCR) methodologies. Results indicate a positive, statistically significant relationship between the governance index and LCF, suggesting effective governance enhances environmental sustainability. In contrast, democracy, industrialization, and urbanization negatively affect LCF, implying these factors strain resources and hinder sustainability. Strengthening governance and sustainable development policies can mitigate these adverse effects, promoting a resilient future for BRICS countries.
KW - Democracy
KW - Environmental quality
KW - Governance
KW - Industrialization
KW - Urbanization
UR - http://www.scopus.com/inward/record.url?scp=85211604357&partnerID=8YFLogxK
U2 - 10.1016/j.ssaho.2024.101242
DO - 10.1016/j.ssaho.2024.101242
M3 - Article
AN - SCOPUS:85211604357
SN - 2590-2911
VL - 11
JO - Social Sciences and Humanities Open
JF - Social Sciences and Humanities Open
M1 - 101242
ER -
