Exploring a new perspective of sustainable development drive through environmental Phillips curve in the case of the BRICST countries


Anser M. K., Apergis N., Syed Q. R., Alola A. A.

Environmental Science and Pollution Research, cilt.28, sa.35, ss.48112-48122, 2021 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 28 Sayı: 35
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1007/s11356-021-14056-5
  • Dergi Adı: Environmental Science and Pollution Research
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, IBZ Online, ABI/INFORM, Aerospace Database, Aqualine, Aquatic Science & Fisheries Abstracts (ASFA), BIOSIS, CAB Abstracts, EMBASE, Environment Index, Geobase, MEDLINE, Pollution Abstracts, Veterinary Science Database, Civil Engineering Abstracts
  • Sayfa Sayıları: ss.48112-48122
  • Anahtar Kelimeler: BRICST countries, Energy consumption, Environmental Phillips curve, Panel data methods, Renewable energy
  • İstanbul Gelişim Üniversitesi Adresli: Evet

Özet

© 2021, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.Considering that the rigor of economic activities has widely been linked with the turbulent nature of the increasing global atmospheric and environmental hazards thus hampering environmental sustainability, it then presented a suggestive dilemma realizing that increasing unemployment, i.e., de-economizing human activities posit a desirable environmental quality effect. Given this backdrop, and employing the more recent estimation techniques, the current study probes the validity of the novel environmental Phillips curve (i.e., negative relationship between unemployment and environmental degradation) opined by Kashem and Rahman (Environ Sci Pollut Res 1–18, 2020). In this case, the panel of BRICST (Brazil, Russia, India, China, South Africa, and Turkey) economies for the selected data set over the experimental period 1992-2016 is analyzed. After using related approaches that are designed to account for probable country-specific factors, i.e., the cross-sectional dependence concern, the findings from the PMG-ARDL model affirmed the validity of the environmental Phillips curve for the BRICST countries. Thus, there is a significant trade-off between unemployment and environmental degradation. Moreover, this study concludes that renewable energy consumption improves the environmental quality, while conventional energy sources remained detrimental factors to environmental quality in the panel of the examined countries. Therefore, the study identified that the share of renewable energy in the energy mix should be escalated to improve environmental quality and maintain or improve the employment level, thus advancing the sustainable development goals (SDGs) of the BRICST countries.