Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2186908
Revisiting resources, cleaner energy and sustainable economic performance: the role of cleaner electricity from BRICS economies
Lingli Qing
Riazullah Shinwari
Xiang Ma
Yaode Wang
Abd Alwahed Dagestani
Sažetak
Since the last three decades, the natural resources and energy sector
has been regarded as a substantial determinant of economic growth
and prosperity. However, the literature is still contradictory and scant
for BRICS economies and needs more empirical evidence for appropriate
policies. This study aims to analyze the influence of natural
resources and cleaner energy on economic performance in the presence
of consumption expenditure. Using second-generation diagnostic,
unit root, and cointegration tests, the results verify the longrun
equilibrium association between the variables during 1990-2021.
Due to non-linear data dispersion, the study uses the method of
moment quantile regression. It concludes that both natural resources
and cleaner energy have an asymmetric influence on the economic
growth of these nations. The region’s significant factors of economic
growth are electricity production from renewable sources and oil
rents. Renewable electricity output and mineral rents adversely affect
economic growth and performance. Besides, consumption expenditure
is also negatively and significantly affecting economic growth.
Based on the empirical outcomes, this study also suggested policies
that could benefit the BRICS economic growth and performance.
Ključne riječi
Natural resources; economic performance; cleaner energy; renewable electricity; oil rent; mineral rent; BRICS
Hrčak ID:
314055
URI
Datum izdavanja:
15.5.2023.
Posjeta: 548 *