Governance quality and green growth: New empirical evidence from BRICS

Siyuan Liu and Hanwen Zhang

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This study investigates the impact of governance quality (AGI) on green growth (GRG) in BRICS nations from 1998 to 2022, focusing on aspects like corruption control and regulatory quality. Utilizing advanced econometric models such as FMOLS, DOLS, and CS-ARDL, the analysis highlights a positive correlation between governance quality and green growth. Stronger governance is linked to enhanced green growth, underscoring the importance of robust governance mechanisms for environmental sustainability. These findings offer valuable policy insights, emphasizing the need for improved governance to support green growth initiatives. This research enriches the literature by empirically examining governance's role in fostering green growth.

Keywords: BRICS; Corruption control; Governance quality; Green growth; Political stability (search for similar items in EconPapers)
JEL-codes: O43 Q56 Q58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005968

DOI: 10.1016/j.frl.2024.105566

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