Charting the BRIC countries’ connection of political stability, economic growth, demographics, renewables and CO2 emissions

Simona-Vasilica Oprea, Irina Alexandra Georgescu () and Adela Bâra
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Simona-Vasilica Oprea: Bucharest University of Economic Studies
Irina Alexandra Georgescu: Bucharest University of Economic Studies
Adela Bâra: Bucharest University of Economic Studies

Economic Change and Restructuring, 2024, vol. 57, issue 5, No 7, 35 pages

Abstract: Abstract This research examines the impact of economic policy uncertainty, GDP, population and renewable energy consumption on CO2 emissions in BRIC countries from 1991 to 2023. The objective is to understand the long-term relationships among these variables and provide relevant insights. Using fully modified ordinary least squares and dynamic ordinary least squares econometric methods, the findings reveal that GDP and population growth significantly increase CO2 emissions, while renewable energy consumption reduces them. The panel autoregressive distributed lag results highlight the need for policies promoting renewable energy and managing population growth to mitigate environmental impacts. Notably, economic policy uncertainty also contributes to higher emissions, underscoring the importance of stable economic policies.

Keywords: BRIC countries; CO2 emissions; FMOLS and DOLS; Political stability; Economic growth; Renewables (search for similar items in EconPapers)
JEL-codes: C23 F64 Q43 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10644-024-09746-2

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