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Governance quality and green growth: New empirical evidence from BRICS

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  • Liu, Siyuan
  • Zhang, Hanwen

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.

Suggested Citation

  • Liu, Siyuan & Zhang, Hanwen, 2024. "Governance quality and green growth: New empirical evidence from BRICS," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005968
    DOI: 10.1016/j.frl.2024.105566
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    More about this item

    Keywords

    BRICS; Corruption control; Governance quality; Green growth; Political stability;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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