Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2037446
Institutional factors-environmental quality nexus in BRICS: a strategic pillar of governmental performance
Duanmin Zhang
Ilhan Ozturk
Sana Ullah
Sažetak
A better understanding of the link between institutional factors
and CO2 emissions is essential for economists and policymakers.
Therefore, this study explores the dynamic impact of institutional
factors on carbon emissions in BRICS economies for the period
from 1996 to 2019 by using the panel NARDL approach. We
found that positive shocks in corruption and law & order and
government stability have a negative impact on carbon emissions
in the long-run. However, the negative shocks in corruption and
law & order exert a positive impact on carbon emissions, while
negative shocks in government stability and political stability
have a negative impact on carbon emissions in the long-run.
These findings confirm the significance of institutional factors in
alleviating carbon emissions in BRICS countries since institutional
factors not only influence pollution emissions directly but also
indirectly through foreign direct investment and economic
growth. The findings recommend that there is a need to
strengthen institutions to promote green growth and a healthy
sustainable environment.
Ključne riječi
Institutional factors; CO2 emissions; BRICS
Hrčak ID:
302871
URI
Datum izdavanja:
31.3.2023.
Posjeta: 766 *