articleJournal of Innovation & KnowledgeJan 1, 2023GOLD OA

Green innovation-green growth nexus in BRICS: Does financial globalization matter?

RCRui ChenMRMuhammad RamzanMHMuhammad HafeezSUSana Ullah

Shandong University of Political Science and Law · University of Sialkot · +4 more institutions

Indexed incrossrefdoaj

Abstract

Green growth is a novel theme, gaining prominence in the current era. Therefore, this study investigates the impact of green innovation and financial globalisation on green growth in the BRICS (Brazil, Russia, India, China and South Africa) economies. The study employs the CS-ARDL model for the analysis. The findings confirm that the long-run estimates of environmental innovations and patents are positively significant, ensuring that environment-related technologies are helpful in attaining green growth in the BRICS economies. Moreover, the estimates of financial globalisation are significantly positive, suggesting that a rise in financial globalisation leads to an increase in green growth in the BRICS…

Citation impact

174
total citations
FWCI
96.03
Percentile
100%
References
65
Citations per year

Authors

4

Topics & keywords

Topics
Keywords
  • Nexus (standard)
  • Globalization
  • Green growth
  • Financial globalization
  • China
  • Economics
  • Green economy
  • Emerging markets
UN Sustainable Development Goals
  • Industry, innovation and infrastructure
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