https://orcid.org/0000-0001-6143-8362
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ABSTRACT
Several nations across the world place a high focus on achieving carbon reduction objectives. Climate change is the most catastrophic result of human activity. Eco-innovation, export diversification, and fiscal decentralization are all viable approaches for resolving environmental concerns and achieving environmental sustainability goals. These tactics could help countries and levels of government pursue what they consider to be sustainable development. This research assesses the combined impact of export diversification, green technical innovation, and fiscal decentralization in order to accomplish the environmental sustainability goals of the BRICS countries from 1970 to 2020. The long-run dynamic equilibrium between the chosen variables is explored using the augmented mean group (AMG) approach. The results show that while the use of green technology and renewable energy improves the environment, ecological harm is aggravated by export diversification, fiscal decentralization, and economic growth. The BRICS nations should exercise caution while implementing export diversification and fiscal decentralization programs.
Disclosure statement
No potential conflict of interest was reported by the authors.
Availability of data and materials
The data relevant to this research is publicly available from the World Development Indicators or obtained from the authors by making a reasonable request.
Declarations
Notes
1. The SURE framework requires that the time series have to be stationary to run the regression. Since this condition is fulfilled in this analysis, it is necessary to refer to it in .
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Notes on contributors
Maxwell Chukwudi Udeagha
Maxwell Chukwudi Udeagha holds a PhD in Economics from the University of Johannesburg, South Africa. He is a senior researcher and an editorial board member of several Journals including American Journal of Environmental Sciences and Engineering, Economics Bulletin, Global Economics Science, Journal of Contemporary African Studies, Journal of Economics, and International Business Management. He has research interest in emerging market economies, development economics, international trade, African environment, regional economic integration, applied economics and applied econometrics. He has published widely in a number of reputable journals including Journal of African Business; Journal of Economic Integration; Economic change and Restructuring; International Journal of Urban Sciences; Environmental Science and Pollution Research; African Review of Economics and Finance.
Nicholas Ngepah
Nicholas Ngepah holds a PhD in Economics from the University of Cape Town. He is a Professor of Economics at the University of Johannesburg. He is an expert in quantitative and qualitative research techniques, economic development and policy impact assessments, including spatial econometrics. He has wide range of experience on development issues, with core expertise in poverty, inequality, labour market dynamics and inclusive economic growth with related policies like agriculture, health issues, gender, climate change, trade, industrialisation etc. Professor Ngepah has undertaken studies for organisations like the World Bank, UK Overseas Development institute, African Economic Research Consortium, Council for Scientific and Industrial Research, Oxfam and the South African Government. His most recent works include: re-examining the growth, poverty and inequality relationships in South Africa in the context of covid-19; and climate change and gender inequality in the labour market. His work on the SDGs in Africa formed part of the bases of the policies debated in the context of the first 1000 days of the SDGs implementation under Development Progress. He has undertaken various projects involving large multi-country surveys and data analyses in Southern Africa. In his role as Professor of Economics, he lectures microeconomics and micro econometrics related subjects and supervises PhDs and Masters Research students on various economic development-relevant topics. He has published widely and in high impact journals. He is the Founder of the African Institute for Inclusive Growth, a research and policy think tank focusing on inclusive development.