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      Green economic growth in BRIC and CIVETS countries: The effects of trade openness and sustainable development goals

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          Abstract

          This study aims to analyze the impact of trade openness and Sustainable Development Goals, Financial Development, and Technology on the economic growth of Brazil, Russia, India, China and Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa countries. The present analysis employs a balanced panel data set from 1996 to 2022. This study also uses various tests, such as the Johansen–Fisher cointegration and Granger causality test. The study's findings suggest that economic growth, trade openness, Sustainable Development Goals, financial development, inflation, technology, labor forces, and financial openness have a long-term relationship among them. In the long run, a positive relationship exists between economic growth, trade openness, and the sustainable development goals index in (BRIC) and (CIVETS) countries. Based on the heterogeneous panel non-causality tests, the findings demonstrate that trade openness and Sustainable Development Goals are a unidirectional causality between trade openness, Sustainable Development Goals, and economic growth.

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          Most cited references62

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          Environmental Kuznets Curve Hypothesis: A Survey

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            International trade drives biodiversity threats in developing nations.

            Human activities are causing Earth's sixth major extinction event-an accelerating decline of the world's stocks of biological diversity at rates 100 to 1,000 times pre-human levels. Historically, low-impact intrusion into species habitats arose from local demands for food, fuel and living space. However, in today's increasingly globalized economy, international trade chains accelerate habitat degradation far removed from the place of consumption. Although adverse effects of economic prosperity and economic inequality have been confirmed, the importance of international trade as a driver of threats to species is poorly understood. Here we show that a significant number of species are threatened as a result of international trade along complex routes, and that, in particular, consumers in developed countries cause threats to species through their demand of commodities that are ultimately produced in developing countries. We linked 25,000 Animalia species threat records from the International Union for Conservation of Nature Red List to more than 15,000 commodities produced in 187 countries and evaluated more than 5 billion supply chains in terms of their biodiversity impacts. Excluding invasive species, we found that 30% of global species threats are due to international trade. In many developed countries, the consumption of imported coffee, tea, sugar, textiles, fish and other manufactured items causes a biodiversity footprint that is larger abroad than at home. Our results emphasize the importance of examining biodiversity loss as a global systemic phenomenon, instead of looking at the degrading or polluting producers in isolation. We anticipate that our findings will facilitate better regulation, sustainable supply-chain certification and consumer product labelling.
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              The effects of financial development, economic growth, coal consumption and trade openness on CO2 emissions in South Africa

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                Author and article information

                Contributors
                Journal
                Heliyon
                Heliyon
                Heliyon
                Elsevier
                2405-8440
                24 April 2024
                15 May 2024
                24 April 2024
                : 10
                : 9
                : e30148
                Affiliations
                [a ]Department of Accounting, Mawlana Bhashani Science and Technology University, Santosh, Tangail, 1902, Bangladesh
                [b ]Department of Finance, Performance and Marketing Teesside University International Business School (TUIBS), Teesside University, UK
                Author notes
                [* ]Corresponding author. halim.ac.mbstu@ 123456gmail.com
                Article
                S2405-8440(24)06179-6 e30148
                10.1016/j.heliyon.2024.e30148
                11076843
                38720698
                6afe30cd-db74-4b12-96ae-05e0d21dad72
                © 2024 The Authors

                This is an open access article under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

                History
                : 23 October 2023
                : 4 April 2024
                : 20 April 2024
                Categories
                Research Article

                economic growth,trade openness,sgds index,johansen–fisher cointegration,granger causality test

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