IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v91y2024ics0301420724002332.html
   My bibliography  Save this article

The dynamics of digitalization and natural resources in shaping the sustainable development agenda in BRICS-T nations

Author

Listed:
  • Li, Jinlong
  • Shi, Yang
  • Song, Xiaowei

Abstract

This research endeavor seeks to scrutinize the intricate interplay between natural resources, digitalization, and the load capacity factor in BRICS-T nations (comprising Brazil, Russia, India, China, South Africa, and Turkey) during the period spanning from 1990 to 2019. The overarching goal of this study is to align with the objectives outlined in COP-27 and 28 to bolster ecological sustainability. The empirical estimations were conducted through the utilization of the Method of Moment Quantile Regression and Quantile Regression techniques. The findings demonstrate that Load Factor (LF) exhibits a positive correlation with both GDP and NR throughout all quantiles, indicating that economic output and natural resources positively impact LF. In contrast, TGLO and GS are negatively correlated with LF across the spectrum, suggesting an inverse relationship. Additionally, DIG presents a positive correlation at the median quantile, but its relationship with LF is not significant at other quantiles. Furthermore, the QR outcomes corroborate the MMQR findings. The study also incorporates panel causality analysis, confirming the predictive influence of the examined variables on ecological quality. Policymakers should capitalize on GDP and natural resources to enhance ecological capacity and devise strategies to mitigate the environmental impacts of globalization and governance.

Suggested Citation

  • Li, Jinlong & Shi, Yang & Song, Xiaowei, 2024. "The dynamics of digitalization and natural resources in shaping the sustainable development agenda in BRICS-T nations," Resources Policy, Elsevier, vol. 91(C).
  • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002332
    DOI: 10.1016/j.resourpol.2024.104866
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724002332
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.resourpol.2024.104866?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lee, Chien-Chiang & Zhao, Ya-Nan, 2023. "Heterogeneity analysis of factors influencing CO2 emissions: The role of human capital, urbanization, and FDI," Renewable and Sustainable Energy Reviews, Elsevier, vol. 185(C).
    2. Murat Cetin & Harun Demir & Selin Saygin, 2021. "Financial Development, Technological Innovation and Income Inequality: Time Series Evidence from Turkey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 156(1), pages 47-69, July.
    3. George Babington Amegavi & Zechariah Langnel & Albert Ahenkan & Thomas Buabeng, 2022. "The dynamic relationship between economic globalisation, institutional quality, and ecological footprint: Evidence from Ghana," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 31(6), pages 876-893, August.
    4. Miao, Yang & Razzaq, Asif & Adebayo, Tomiwa Sunday & Awosusi, Abraham Ayobamiji, 2022. "Do renewable energy consumption and financial globalisation contribute to ecological sustainability in newly industrialized countries?," Renewable Energy, Elsevier, vol. 187(C), pages 688-697.
    5. Jinhua Shao & Brayan Tillaguango & Rafael Alvarado & Santiago Ochoa-Moreno & Johanna Alvarado-Espejo, 2021. "Environmental Impact of the Shadow Economy, Globalisation, Trade and Market Size: Evidence Using Linear and Non-Linear Methods," Sustainability, MDPI, vol. 13(12), pages 1-20, June.
    6. Shang, Yunfeng & Razzaq, Asif & Chupradit, Supat & Binh An, Nguyen & Abdul-Samad, Zulkiflee, 2022. "The role of renewable energy consumption and health expenditures in improving load capacity factor in ASEAN countries: Exploring new paradigm using advance panel models," Renewable Energy, Elsevier, vol. 191(C), pages 715-722.
    7. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Shahbaz, Muhammad, 2020. "Are too many natural resources to blame for the shape of the Environmental Kuznets Curve in resource-based economies?," Resources Policy, Elsevier, vol. 68(C).
    8. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    9. Vaishali S. Dhingra, 2023. "Financial development, economic growth, globalisation and environmental quality in BRICS economies: evidence from ARDL bounds test approach," Economic Change and Restructuring, Springer, vol. 56(3), pages 1651-1682, June.
    10. Andrew Adewale Alola & Oktay Özkan & Ojonugwa Usman, 2023. "Role of Non-Renewable Energy Efficiency and Renewable Energy in Driving Environmental Sustainability in India: Evidence from the Load Capacity Factor Hypothesis," Energies, MDPI, vol. 16(6), pages 1-16, March.
    11. Joakim Westerlund, 2007. "Testing for Error Correction in Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
    12. Machado, José A.F. & Santos Silva, J.M.C., 2019. "Quantiles via moments," Journal of Econometrics, Elsevier, vol. 213(1), pages 145-173.
    13. Ivan A. Canay, 2011. "A simple approach to quantile regression for panel data," Econometrics Journal, Royal Economic Society, vol. 14(3), pages 368-386, October.
    14. Koenker, Roger, 2004. "Quantile regression for longitudinal data," Journal of Multivariate Analysis, Elsevier, vol. 91(1), pages 74-89, October.
    15. Ali, Qamar & Yaseen, Muhammad Rizwan & Anwar, Sofia & Makhdum, Muhammad Sohail Amjad & Khan, Muhammad Tariq Iqbal, 2021. "The impact of tourism, renewable energy, and economic growth on ecological footprint and natural resources: A panel data analysis," Resources Policy, Elsevier, vol. 74(C).
    16. repec:bba:eallet:v:2:y:2023:i:1:p:18-22 is not listed on IDEAS
    17. Abbasi, Kashif Raza & Hussain, Khadim & Redulescu, Magdalena & Ozturk, Ilhan, 2021. "Does natural resources depletion and economic growth achieve the carbon neutrality target of the UK? A way forward towards sustainable development," Resources Policy, Elsevier, vol. 74(C).
    18. Adebayo, Tomiwa Sunday & Onifade, Stephen Taiwo & Alola, Andrew Adewale & Muoneke, Obumneke Bob, 2022. "Does it take international integration of natural resources to ascend the ladder of environmental quality in the newly industrialized countries?," Resources Policy, Elsevier, vol. 76(C).
    19. Balsalobre-Lorente, Daniel & Shahbaz, Muhammad & Roubaud, David & Farhani, Sahbi, 2018. "How economic growth, renewable electricity and natural resources contribute to CO2 emissions?," Energy Policy, Elsevier, vol. 113(C), pages 356-367.
    20. Abdullah Emre Caglar & Bulent Guloglu & Ayfer Gedikli, 2022. "Moving towards sustainable environmental development for BRICS: Investigating the asymmetric effect of natural resources on CO2," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1313-1325, October.
    21. Jianrun Wang & Muhammad Ramzan & Raufhon Salahodjaev & Muhammad Hafeez & Jihua Song, 2023. "Does financial globalisation matter for environmental quality? A sustainability perspective of Asian economies," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(3), pages 2153152-215, December.
    22. Danish, & Ulucak, Recep & Baloch, Muhammad Awais, 2023. "An empirical approach to the nexus between natural resources and environmental pollution: Do economic policy and environmental-related technologies make any difference?," Resources Policy, Elsevier, vol. 81(C).
    23. M. Hashem Pesaran, 2015. "Testing Weak Cross-Sectional Dependence in Large Panels," Econometric Reviews, Taylor & Francis Journals, vol. 34(6-10), pages 1089-1117, December.
    24. Olena Korzhyk & Jorge Vareda Gomes & Gonçalo João, 2024. "Similarities and differences between digitalization indexes," Journal of Economic Analysis, Anser Press, vol. 3(3), pages 138-160, September.
    25. Adebayo, Tomiwa Sunday & Alola, Andrew Adewale, 2023. "Drivers of natural gas and renewable energy utilization in the USA: How about household energy efficiency-energy expenditure and retail electricity prices?," Energy, Elsevier, vol. 283(C).
    26. Ho Thuy Ngoc & Bui Anh Tuan & Nguyen Van Duy & Dao Trung Kien & Nguyen Ngoc Dat, 2021. "Impact of foreign direct investment and urbanisation on CO 2 emissions in Vietnam," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 27(3), pages 313-332.
    27. Wu, Junwei & Yang, Cunyi & Chen, Li, 2024. "Examining the non-linear effects of monetary policy on carbon emissions," Energy Economics, Elsevier, vol. 131(C).
    28. Chong Zhang & Zhiying Feng, 2024. "Carbon emissions trading price forecasts by multi-perspective fusion," Economic Analysis Letters, Anser Press, vol. 3(2), pages 13-25, June.
    29. Abbasi, Kashif Raza & Shahbaz, Muhammad & Zhang, Jinjun & Irfan, Muhammad & Alvarado, Rafael, 2022. "Analyze the environmental sustainability factors of China: The role of fossil fuel energy and renewable energy," Renewable Energy, Elsevier, vol. 187(C), pages 390-402.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhou, Hui & Awosusi, Abraham Ayobamiji & Dagar, Vishal & Zhu, Guohua & Abbas, Shujaat, 2023. "Unleashing the asymmetric effect of natural resources abundance on carbon emissions in regional comprehensive economic partnership: What role do economic globalization and disaggregating energy play?," Resources Policy, Elsevier, vol. 85(PA).
    2. Khan, Yasir & Hassan, Taimoor & Guiqin, Huang & Nabi, Ghulam, 2023. "Analyzing the impact of natural resources and rule of law on sustainable environment: A proposed policy framework for BRICS economies," Resources Policy, Elsevier, vol. 86(PA).
    3. Khaddage-Soboh, Nada & Safi, Adnan & Faisal Rasheed, Muhammad & Hasnaoui, Amir, 2023. "Examining the role of natural resource rent, environmental regulations, and environmental taxes in sustainable development: Evidence from G-7 economies," Resources Policy, Elsevier, vol. 86(PA).
    4. Halmat Omer & Murad Bein, 2022. "Does the Moderating Role of Financial Development on Energy Utilization Contributes to Environmental Sustainability in GCC Economies?," Energies, MDPI, vol. 15(13), pages 1-16, June.
    5. Zhao, Wen-Xuan & Samour, Ahmed & Yi, Kefu & Al-Faryan, Mamdouh Abdulaziz Saleh, 2023. "Do technological innovation, natural resources and stock market development promote environmental sustainability? Novel evidence based on the load capacity factor," Resources Policy, Elsevier, vol. 82(C).
    6. Awan, Ashar & Abbasi, Kashif Raza & Rej, Soumen & Bandyopadhyay, Arunava & Lv, Kangjuan, 2022. "The impact of renewable energy, internet use and foreign direct investment on carbon dioxide emissions: A method of moments quantile analysis," Renewable Energy, Elsevier, vol. 189(C), pages 454-466.
    7. Zhao, Xinlu & Adebayo, Tomiwa Sunday & Kong, Xianli & Al-Faryan, Mamdouh Abdulaziz Saleh, 2022. "Relating energy innovations and natural resources as determinants of environmental sustainability: The role of globalization in G7 countries," Resources Policy, Elsevier, vol. 79(C).
    8. Liu, Xuemei & Yuan, Shuhan & Yu, Haoran & Liu, Zheng, 2023. "How ecological policy stringency moderates the influence of industrial innovation on environmental sustainability: The role of renewable energy transition in BRICST countries," Renewable Energy, Elsevier, vol. 207(C), pages 194-204.
    9. Fu, Haoliang & Guo, Wenwei & Sun, Zheng & Xia, Ting, 2023. "Asymmetric impact of natural resources rent, monetary and fiscal policies on environmental sustainability in BRICS countries," Resources Policy, Elsevier, vol. 82(C).
    10. Ma, Fenfen & Saleem, Hummera & Ding, Xueting & Nazir, Sidra & Tariq, Salman, 2024. "Do natural resource rents, green technological innovation, and renewable energy matter for ecological sustainability? Role of green policies in testing the environmental kuznets curve hypothesis," Resources Policy, Elsevier, vol. 91(C).
    11. Aladejare, Samson Adeniyi, 2022. "Natural resource rents, globalisation and environmental degradation: New insight from 5 richest African economies," Resources Policy, Elsevier, vol. 78(C).
    12. Fang, Shuya & Fang, Wei, 2023. "How fiscal decentralization and trade diversification influence sustainable development: Moderating role of resources dependency," Resources Policy, Elsevier, vol. 84(C).
    13. Dogan, Eyup & Altinoz, Buket & Madaleno, Mara & Taskin, Dilvin, 2020. "The impact of renewable energy consumption to economic growth: A replication and extension of Inglesi-Lotz (2016)," Energy Economics, Elsevier, vol. 90(C).
    14. Han, Guixin & Cai, Xuesen, 2024. "The linkages among natural resources, sustainable energy technologies and human capital: An evidence from N-11 countries," Resources Policy, Elsevier, vol. 90(C).
    15. Jin, Guangzhu & Huang, Zhenhui, 2023. "Asymmetric influence of China's outward FDI and exports on trade-adjusted resources footprint in belt and road node countries: Moderating role of governance," Resources Policy, Elsevier, vol. 82(C).
    16. Shahbaz, Muhammad & Nwani, Chinazaekpere & Bekun, Festus Victor & Gyamfi, Bright Akwasi & Agozie, Divine Q., 2022. "Discerning the role of renewable energy and energy efficiency in finding the path to cleaner consumption and production patterns: New insights from developing economies," Energy, Elsevier, vol. 260(C).
    17. Muhammad Awais Baloch & Yiting Qiu & Zilu Guo, 2024. "Empowering sustainability practices through energy transition: The role of digital economy and technological innovation among BRICS economies," Australian Economic Papers, Wiley Blackwell, vol. 63(2), pages 283-301, June.
    18. Erdoğan, Seyfettin & Gedikli, Ayfer & Cevik, Emrah Ismail & Erdoğan, Fatma, 2022. "Eco-friendly technologies, international tourism and carbon emissions: Evidence from the most visited countries," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    19. Xia, Aiming & Liu, Qing, 2024. "Modelling the asymmetric impact of fintech, natural resources, and environmental regulations on ecological footprint in G7 countries," Resources Policy, Elsevier, vol. 89(C).
    20. Khan, Syed Abdul Rehman & Ponce, Pablo & Yu, Zhang & Ponce, Katerine, 2022. "Investigating economic growth and natural resource dependence: An asymmetric approach in developed and developing economies," Resources Policy, Elsevier, vol. 77(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002332. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.