Your browser doesn't support javascript.
loading
Impact of stock market, renewable energy consumption and urbanization on environmental degradation: new evidence from BRICS countries.
Younis, Ijaz; Naz, Aziza; Shah, Syed Ahsan Ali; Nadeem, Muhammad; Longsheng, Cheng.
Afiliação
  • Younis I; School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094, People's Republic of China. ijazyounis@njust.edu.cn.
  • Naz A; Institute of Management Sciences (IMS), Bahauddin Zakariya University Multan, Punjab, Pakistan.
  • Shah SAA; School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094, People's Republic of China.
  • Nadeem M; College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, People's Republic of China.
  • Longsheng C; School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094, People's Republic of China. cheng_longsheng@njust.edu.cn.
Environ Sci Pollut Res Int ; 28(24): 31549-31565, 2021 Jun.
Article em En | MEDLINE | ID: mdl-33608780
This study examines links between Morgan and Stanley capital Investment (MSCI), foreign direct investment (FDI), renewable energy, urbanization, and trade openness on environmental degradation in (Brazil, Russia, India, China, South Africa) BRICS countries. In this study, generalized method of moment (GMM) estimation is applied on a data set ranging from 1993 to 2018. Results illustrate that stock market index price (MSCI) has negative relationship on CO2 emissions in India, China, Russia, and South Africa and has positive relationship in Brazil. One possible reason for this is strong environmental regulations and their enforcement by Brazilian government. The study also finds that trade openness, FDI, and urbanization have a significant positive relationship on environmental degradation. The impact of stock market development on environmental degradation varies among BRICS countries. Our outcomes have significant policy implications. For example, the policy makers have to initiate effective strategies to promote the renewable energy sources to meet the increasing demand for energy by replacing the use of conventional energy such as coal, gas, and oil. This will help to reduce the CO2 emissions from fossil fuel and ensure sustainable stock market development in the BRICS nations. BRICS countries who have taken the initiative and formulated policies for businesses to conserve the environment play a positive role compared to those who do not.
Assuntos
Palavras-chave
Texto completo
Adicionar na Minha BVS
Imprimir
XML
PubMed Links
Buscar no Google

Texto completo: 1 Coleções: 01-internacional Base de dados: MEDLINE Assunto principal: Urbanização / Desenvolvimento Econômico Aspecto: Determinantes_sociais_saude País/Região como assunto: Africa / America do sul / Asia / Brasil / Europa Idioma: En Revista: Environ Sci Pollut Res Int Assunto da revista: SAUDE AMBIENTAL / TOXICOLOGIA Ano de publicação: 2021 Tipo de documento: Article País de publicação: Alemanha
Texto completo
Adicionar na Minha BVS
Imprimir
XML
PubMed Links
Buscar no Google

Texto completo: 1 Coleções: 01-internacional Base de dados: MEDLINE Assunto principal: Urbanização / Desenvolvimento Econômico Aspecto: Determinantes_sociais_saude País/Região como assunto: Africa / America do sul / Asia / Brasil / Europa Idioma: En Revista: Environ Sci Pollut Res Int Assunto da revista: SAUDE AMBIENTAL / TOXICOLOGIA Ano de publicação: 2021 Tipo de documento: Article País de publicação: Alemanha