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Asymmetry Effects of International Trade Components on Environmental Quality in BRICS Economies: Implications for Sustainable Circular Economy

Author

Listed:
  • Gupteswar Patel

    (Indian Institute of Technology Kharagpur
    Indian Institute of Management Bodh Gaya)

  • Mantu Kumar Mahalik

    (Indian Institute of Technology Kharagpur)

  • Hrushikesh Mallick

    (Centre for Development Studies)

Abstract

The evolutions of liberalization and globalization of economies have given rise to greater concern over climate change and economic development in the recent circular economy context. The composition of international trade for an individual country changes over a period of time [14, 15]. Against this backdrop, the purpose of this study is to examine the segregated impacts of traditional and modern components of trade (exports and imports) on environmental degradation in BRICS (Brazil, Russia, India, China, South Africa) countries in an extended IPAT framework. The environmental degradation model controls for population growth, economic growth, and, technology. Using a balanced panel data structure from 1996–2018 with panel regression techniques (viz. PMG-ARDL and FGLS), this study finds that modern exports and imports, and technological advancement improve environmental quality, while traditional exports and imports along with population growth and economic growth degrade it. Our study concludes that traditional trade components degrade environmental quality while modern trade components improve it. This finding has crucial policy implications for both international trade and environmental sustainability domains of BRICS economies.

Suggested Citation

  • Gupteswar Patel & Mantu Kumar Mahalik & Hrushikesh Mallick, 2025. "Asymmetry Effects of International Trade Components on Environmental Quality in BRICS Economies: Implications for Sustainable Circular Economy," Circular Economy and Sustainability, Springer, vol. 5(1), pages 393-411, February.
    • Handle: RePEc:spr:circec:v:5:y:2025:i:1:d:10.1007_s43615-024-00414-1
    DOI: 10.1007/s43615-024-00414-1
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    More about this item

    Keywords

    Modern exports and imports; Traditional exports and imports; CO2 emissions; IPAT; And BRICS;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • 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
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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