Green innovation-green growth nexus in BRICS: Does financial globalization matter?
Green growth is a novel theme, gaining prominence in the current era. Therefore, this study investigates the impact of green innovation and financial globalisation on green growth in the BRICS (Brazil, Russia, India, China and South Africa) economies. The study employs the CS-ARDL model for the anal...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-01-01
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| Series: | Journal of Innovation & Knowledge |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X22001214 |
| _version_ | 1811165450852106240 |
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| author | Rui Chen Muhammad Ramzan Muhammad Hafeez Sana Ullah |
| author_facet | Rui Chen Muhammad Ramzan Muhammad Hafeez Sana Ullah |
| author_sort | Rui Chen |
| collection | DOAJ |
| description | Green growth is a novel theme, gaining prominence in the current era. Therefore, this study investigates the impact of green innovation and financial globalisation on green growth in the BRICS (Brazil, Russia, India, China and South Africa) economies. The study employs the CS-ARDL model for the analysis. The findings confirm that the long-run estimates of environmental innovations and patents are positively significant, ensuring that environment-related technologies are helpful in attaining green growth in the BRICS economies. Moreover, the estimates of financial globalisation are significantly positive, suggesting that a rise in financial globalisation leads to an increase in green growth in the BRICS economies. Our findings imply that, to promote green growth in the BRICS economies, policymakers should focus on R&D activities that can encourage the development of green innovations. |
| first_indexed | 2024-04-10T15:37:16Z |
| format | Article |
| id | doaj.art-fddb6d8bf8734fd4a6b0fd2ed54687d8 |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-04-10T15:37:16Z |
| publishDate | 2023-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-fddb6d8bf8734fd4a6b0fd2ed54687d82023-02-13T04:07:16ZengElsevierJournal of Innovation & Knowledge2444-569X2023-01-0181100286Green innovation-green growth nexus in BRICS: Does financial globalization matter?Rui Chen0Muhammad Ramzan1Muhammad Hafeez2Sana Ullah3Shandong University of Political Science and Law, Jinan, ChinaFaculty of Management Sciences, department of Commerce, University of Sialkot, Punjab, Pakistan; School of International Trade and Economics, Shandong University of Finance and Economics, Jinan, Shandong 250014, ChinaInstitute of Business Management Sciences, University of Agriculture, Faisalabad, 38000, Pakistan; Corresponding author.School of Economics, Quaid-i-Azam University, Islamabad, PakistanGreen growth is a novel theme, gaining prominence in the current era. Therefore, this study investigates the impact of green innovation and financial globalisation on green growth in the BRICS (Brazil, Russia, India, China and South Africa) economies. The study employs the CS-ARDL model for the analysis. The findings confirm that the long-run estimates of environmental innovations and patents are positively significant, ensuring that environment-related technologies are helpful in attaining green growth in the BRICS economies. Moreover, the estimates of financial globalisation are significantly positive, suggesting that a rise in financial globalisation leads to an increase in green growth in the BRICS economies. Our findings imply that, to promote green growth in the BRICS economies, policymakers should focus on R&D activities that can encourage the development of green innovations.http://www.sciencedirect.com/science/article/pii/S2444569X22001214Green innovationFinancial globalizationGreen growthBRICS |
| spellingShingle | Rui Chen Muhammad Ramzan Muhammad Hafeez Sana Ullah Green innovation-green growth nexus in BRICS: Does financial globalization matter? Journal of Innovation & Knowledge Green innovation Financial globalization Green growth BRICS |
| title | Green innovation-green growth nexus in BRICS: Does financial globalization matter? |
| title_full | Green innovation-green growth nexus in BRICS: Does financial globalization matter? |
| title_fullStr | Green innovation-green growth nexus in BRICS: Does financial globalization matter? |
| title_full_unstemmed | Green innovation-green growth nexus in BRICS: Does financial globalization matter? |
| title_short | Green innovation-green growth nexus in BRICS: Does financial globalization matter? |
| title_sort | green innovation green growth nexus in brics does financial globalization matter |
| topic | Green innovation Financial globalization Green growth BRICS |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X22001214 |
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