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Dissipating environmental pollution in the BRICS economies: do urbanization, globalization, energy innovation, and financial development matter?

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Abstract

The question of how Brazil, Russia, India, China, and South Africa (BRICS countries) can substantially dissipate environmental pollution (EVP) remains unsolved. In this regard, this research explores the dynamic association between energy consumption (EGC), economic expansion (EXP), globalization (GLO), energy innovation (ENI), urbanization (URB), financial development (FID), and environmental pollution (EVP) using panel data from 1990 to 2020. This study integrated the augmented mean group (AMG), common correlated effect means group estimator (CC-MG), and fully modified ordinary least square (FMOLS) model approach to estimate the long-run interaction among the series. The findings of this study reveal a positive and significant association between economic expansion, energy consumption, urbanization, financial development, and environmental pollution. In contrast, globalization and energy innovation extensively abate EVP in the BRICS economies. Moreover, the outcome of the Granger causality test indicates that energy consumption and energy innovation have a bidirectional association with EVP. The Granger causality test further revealed a unidirectional causality between globalization, urbanization, financial development, and environmental pollution. Finally, this research has implications for policymakers in the BRICS countries.

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Data availability

WID: https://databank.worldbank.org/source/world-development-indicators#

OECD: https://data.oecd.org/envpolicy/patents-on-environment-technologies.htm

IMF: https://data.imf.org/?sk=F8032E80-B36C-43B1-AC26-493C5B1CD33B

KOF: https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html

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Acknowledgements

We acknowledge [1] Innovation team construction of "low carbon economy and industrial development", supported by the excellent innovation team construction project of philosophy and Social Sciences in Colleges and universities of Jiangsu Province [2] The Humanities and Social Sciences Research Program of the Ministry of Education: Research on the Formation Mechanism and Breakthrough Path of "Low-end Capture "in the Global Value Chain of High-tech Industry (18YJA630105).

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Authors and Affiliations

  1. School of Management, Jiangsu University, Zhenjiang, 212013, China

    Agyemang Kwasi Sampene & Fredrick Oteng-Agyeman

  2. College of Economics and Management, Nanjing Agricultural University, Nanjing, 210095, China

    Cai Li & Robert Brenya

Authors
  1. Agyemang Kwasi Sampene
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  2. Cai Li
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  3. Fredrick Oteng-Agyeman
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  4. Robert Brenya
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Contributions

Agyemang Kwasi Sampene, conceptualization and methodology. Cai Li, conceptualization, methodology, and formal analysis. Fredrick Oteng Agyeman, investigation and visualization. Brenya Robert, validation and investigation.

Corresponding author

Correspondence to Agyemang Kwasi Sampene.

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Sampene, A.K., Li, C., Oteng-Agyeman, F. et al. Dissipating environmental pollution in the BRICS economies: do urbanization, globalization, energy innovation, and financial development matter?. Environ Sci Pollut Res 29, 82917–82937 (2022). https://doi.org/10.1007/s11356-022-21508-z

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