Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach
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, t...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-01-01
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| Series: | Social Sciences and Humanities Open |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S259029112400439X |
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| author | Md Atik Hasan Liton Chandra Voumik Ajharul Islam Mozumder Miguel Angel Esquivias Leslie Verteramo-Chiu Mihir Kumar Das |
| author_facet | Md Atik Hasan Liton Chandra Voumik Ajharul Islam Mozumder Miguel Angel Esquivias Leslie Verteramo-Chiu Mihir Kumar Das |
| author_sort | Md Atik Hasan |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-43ffd52a5f0546d2ae5f902625abcf44 |
| institution | Kabale University |
| issn | 2590-2911 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Social Sciences and Humanities Open |
| spelling | doaj-art-43ffd52a5f0546d2ae5f902625abcf442025-08-20T03:30:43ZengElsevierSocial Sciences and Humanities Open2590-29112025-01-011110124210.1016/j.ssaho.2024.101242Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approachMd Atik Hasan0Liton Chandra Voumik1Ajharul Islam Mozumder2Miguel Angel Esquivias3Leslie Verteramo-Chiu4Mihir Kumar Das5Department of Economics, Noakhali Science and Technology University, Noakhali, 3814, BangladeshDepartment of Economics, Noakhali Science and Technology University, Noakhali, 3814, Bangladesh; Central Queensland University, 3000, AustraliaDepartment of Economics, Noakhali Science and Technology University, Noakhali, 3814, BangladeshFaculty of Economics and Business, Airlangga University, Surabaya, Indonesia; Corresponding author.Tata-Cornell Institute, Department of Global Development, Cornell University, Ithaca, 14850, NY, USABusiness and Enterprise, QA Higher Education, London, UKThis 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.http://www.sciencedirect.com/science/article/pii/S259029112400439XDemocracyIndustrializationEnvironmental qualityUrbanizationGovernance |
| spellingShingle | Md Atik Hasan Liton Chandra Voumik Ajharul Islam Mozumder Miguel Angel Esquivias Leslie Verteramo-Chiu Mihir Kumar Das Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach Social Sciences and Humanities Open Democracy Industrialization Environmental quality Urbanization Governance |
| title | Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach |
| title_full | Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach |
| title_fullStr | Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach |
| title_full_unstemmed | Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach |
| title_short | Role of governance index, democracy, industrialization, and urbanization on environmental sustainability of BRICS countries: A novel PMG-ARDL approach |
| title_sort | role of governance index democracy industrialization and urbanization on environmental sustainability of brics countries a novel pmg ardl approach |
| topic | Democracy Industrialization Environmental quality Urbanization Governance |
| url | http://www.sciencedirect.com/science/article/pii/S259029112400439X |
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