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1 – 10 of 26Sabri Burak Arzova and Bertaç Şakir Şahin
The purposes of this study are to contribute to the limited green growth (GG) literature in emerging markets, to analyze GG from a financial economy perspective and to determine…
Abstract
Purpose
The purposes of this study are to contribute to the limited green growth (GG) literature in emerging markets, to analyze GG from a financial economy perspective and to determine the contribution of financial development and innovation to GG in Brazil, Russian Federation, India, China and South Africa and Türkiye (BRICS-T). BRICS-T countries significantly impact the world population, international politics, energy resources and economy. In addition, BRICS-T countries are one of the leading countries in the world with their sustainability efforts. Investigating the GG model in these countries may contribute to structuring emerging economies around the principles of GG and advancing global green transformation efforts.
Design/methodology/approach
The authors applied panel data analysis from 2001 to 2019. GG is economic growth free from environmental depletion in the model. National income, personnel expenditure and foreign direct investments are macroeconomic variables. These variables measure economic development and promote economic and social progress, which is essential for GG. Capital accumulation and innovation are essential tools in GG transformation. Therefore, financial development and patent applications represent the moderating variables. The authors estimate the fixed effect model with Parks-Kmenta robust.
Findings
Empirical results show that national income growth and foreign direct investments positively affect GG. Personnel expenditure negatively affects GG. On the contrary, financial development and patent growth have little moderating role.
Originality/value
This study contributes to the literature on creating a GG model in emerging countries. The study is original in its model and sample.
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Durmuş Çağrı Yıldırım, Seda Yıldırım and Isıl Demirtas
The purpose of this paper is to explore the relationship between energy consumption and economic growth for Brazil, Russia, China, India, South Africa and Turkey (BRICS-T…
Abstract
Purpose
The purpose of this paper is to explore the relationship between energy consumption and economic growth for Brazil, Russia, China, India, South Africa and Turkey (BRICS-T) countries. In this context, this study investigates energy consumption and real output in BRICS-T countries through panel cointegration.
Design/methodology/approach
The data include energy consumption and real output for BRICS-T countries and period of 1990–2014. The variables are transformed into natural logarithm. To analyze these data, this study employed Pedroni cointegration test, the second-generation panel cointegration test, Westerlund and Edgerton (2008) test and FMOLS test.
Findings
Results indicate that there is a bi-directional causality relationship between energy consumption and economic growth for BRICS-T countries. An increase in GDP leads to an increase in energy consumption and an increase in energy consumption leads to an increase in GDP.
Research limitations/implications
This study used data that include the period of 1990–2014 for BRICS-T countries. So, further studies can use different periods of data or different countries.
Originality/value
This study provides important evidence that countries with strong growth performance need to follow bi-directional energy policies to increase both energy investments and ensure energy savings.
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Şerif Canbay and Mustafa Kırca
The study aims to determine whether there is a bidirectional causality relationship between health expenditures and per capita income in Brazil, Russia, India, China, South Africa…
Abstract
Purpose
The study aims to determine whether there is a bidirectional causality relationship between health expenditures and per capita income in Brazil, Russia, India, China, South Africa and Turkey (BRICS+T).
Design/methodology/approach
For that purpose, the 2000–2018 period data of the variables were tested with the Kónya (2006) panel causality test. Additionally, the causality relationships between public and private health expenditures and per capita income were also investigated in the study.
Findings
According to the analysis results, there is no statistically significant causality relationship from total health expenditures and public health expenditures to per capita income in the relevant countries. Besides, there is a unidirectional causality relationship from private health expenditures to per capita income only in Turkey. On the other hand, a unidirectional causality relationship from per capita income to total health expenditures in China, Russia, Turkey and South Africa and from per capita income to public health expenditures in India, Russia, Turkey and South Africa were determined. Consequently, a causality relationship from per capita income to private health expenditures was found out in Russia and Turkey.
Originality/value
The variables are tested for the first time for BRICS+T countries, vis-à-vis the period under consideration and the method used.
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Ramesh Chandra Das and Aloka Nayak
There have been increasing numbers of studies on the role of energy and environmental pollution upon income of the economies across the countries after the development of the…
Abstract
There have been increasing numbers of studies on the role of energy and environmental pollution upon income of the economies across the countries after the development of the endogenous growth literature. As standard practice, the factors which make explanations of why the developed countries are growing more compared to the common list of developing countries are the knowledge capital, role of institutions, etc. But, the roles of energy use and environmental resources upon economic growth have also been identified as additional source of endogenous growth. Sometimes, in certain economies, it is observed that both the factors maintain bidirectional causal relations with the level and growth of income. The present chapter aims to investigate whether energy use and environmental pollution make a cause to the level of income measured by gross domestic product, in both the long run and short run, for the world's highly developing group of economies in the nomenclature of BRICS. The period of study is taken to be 1990–2016 for which the data on all the indicators are available for the five member countries of the group. Using a VAR model, the study arrives at the conclusion that all the three are cointegrated for Brazil and Russia only. Further, there are short-run causal interplays among the three in different combinations across the member countries. While GDP and energy use are the common cause of CO2 emission for Brazil, India, and China; energy use and CO2 emissions are to GDP in India, South Africa, and China.
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Lakshmana Padhan and Savita Bhat
The study examines the presence of the pollution haven or pollution halo hypothesis in Brazil, Russia, India, China and South Africa (BRICS) and Next-11 economies. Hence, it…
Abstract
Purpose
The study examines the presence of the pollution haven or pollution halo hypothesis in Brazil, Russia, India, China and South Africa (BRICS) and Next-11 economies. Hence, it empirically tests the direct impact of foreign direct investment (FDI) on the ecological footprint. Further, it explores the moderating role of green innovation on the nexus between FDI and ecological footprint.
Design/methodology/approach
The study uses the Driscoll–Kraay (DK) standard error panel regression technique to examine the long-run elasticities amongst the variables for the group of emerging countries, BRICS and Next-11, during the period of 1992 to 2018. Further, statistical robustness is demonstrated using the fully modified ordinary least squares technique.
Findings
The empirical finding shows that FDI degrades environmental quality by raising the ecological footprint. Thus, it proves that FDI is a source of pollution haven in BRICS and Next-11 countries. However, green innovation negatively moderates the relationship between FDI and ecological footprint. That means the joint impact of green innovation, and FDI proves the presence of the pollution halo hypothesis. Further, renewable energy consumption is reducing the ecological footprint, but economic growth and industrialisation are worsening the environmental quality.
Practical implications
This study offers policy implications for governments and policymakers to promote environmental sustainability by improving green innovation and allowing FDI that encourages clean and advanced technology.
Originality/value
No prior studies examine the moderating role of green innovation on the relationship between FDI and ecological footprint in the context of emerging countries.
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Journal quality and prestige are the main considerations for researchers, editors, and publishers when submitting manuscripts, citing papers, and developing publishing policies…
Abstract
Purpose
Journal quality and prestige are the main considerations for researchers, editors, and publishers when submitting manuscripts, citing papers, and developing publishing policies. Journal Citation Reports calculates the impact factor (IF) from journals covered in Social Science Citation Index (SSCI). IF is widely considered as an indicator of journal quality and prestige among business disciplines. Thus, researching what affects the IF is critical. The purpose of this paper is to investigate the relation between journal features and the IF, particularly between “hot issues” and the IF, and categorizes journal rankings into top-ten and other journals.
Design/methodology/approach
The research sample encompasses publications from 2003 to 2013, focussing specifically on SSCI journals in the categories of business and finance. The examined journal features are the effect of the newly selected as an SSCI journal, frequency of publication, self-citation ratio, citable items, and whether the journal features articles on relevant international economic topics.
Findings
The findings are as follows: increasing the publishing frequencies of top-ten journals will elevate IF significantly, conversely, increasing that of other journals will degrade the expected IF; both top-ten and other journals with a high self-citation ratio have a low IF; and publishing papers on critical topics significantly positively affects the IF; however, the level of significance decreases over time. In summary, publishing research on critical topics significantly increases the IF in short term.
Originality/value
The findings offer valuable information for researchers, editors, and publishers.
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The role of financial institutions and financial intermediaries in fostering economic growth (ECO) by improving the efficiency of capital accumulation, encouraging savings, and…
Abstract
The role of financial institutions and financial intermediaries in fostering economic growth (ECO) by improving the efficiency of capital accumulation, encouraging savings, and ultimately improving the productivity of the economy has been well established by the researchers. The reforms in the financial sector worldwide during the 1980s and 1990s were aimed at ushering in greater efficiency and more competitiveness.
The impact of financial market freedom (MF) on the overall development of the financial sector and thereby the growth in an economy is one of the most important considerations for policymakers over the years. This chapter aims to examine the causal relationship between financial MF and ECO in the Indian economy in the post-reform period.
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Sustainable energy like renewable energy plays a critical role in achieving sustainable development goals including energy security in emerging economics. BRICS (Brazil, Russia…
Abstract
Sustainable energy like renewable energy plays a critical role in achieving sustainable development goals including energy security in emerging economics. BRICS (Brazil, Russia, India, China and South Africa) constitutes about 23% of the world’s GDP, 40% of the world’s population and 36% share of the supply of primary energy in the world. Obviously the Bloc has tremendous potential in influencing the global sustainable clean energy transition with the advantages like lowering the costs of renewable, boosting employment in the sector of green energy, enhancement of energy security and improvement of local air quality. Despite the existence of varieties of renewable energy resources in the BRICS economies, renewable energy resources are found underdeveloped. The major objectives of this chapter are to assess progress of different forms of energy especially renewable energy, impact of development of renewable energy on carbon emission and policy issues in renewable energy development in the context of sustainable energy development of BRICS countries.
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