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  13 Pages Download PDF: Asymmetric Approach to Investigating the EKC hypothesis: Evidence from the BRICS Countries

  Asymmetric Approach to Investigating the EKC hypothesis: Evidence from the BRICS Countries

  Misbah Nosheen, Muhammad Ali Abbas, Shehzad Ahmad, Javed Iqbal

  2025-06-22 https://doi.org/10.36923/jcmi.v6i1.598

  Environmental challenges have emerged as one of the most critical matters affecting the globe today. Human-caused carbon emissions are the primary cause of these environmental challenges, and in order to decrease and mitigate their impacts, officials throughout the world are constantly researching their drivers and determinants. BRICS is considered a significant part of the world economy and energy markets. This study examines the EKC hypothesis for the BRICS while applying a nonlinear ARDL approach that distinguishes it from previous studies. For this purpose, this study decomposes the per-capita income (GPC) series into two components: the positive and the negative series. Empirical findings indicate that in the decomposed model, the coefficients of the positive series of GPC and GPC2 have significant negative and positive signs, respectively, in all countries of the region, which supports the EKC hypothesis. Results imply that BRICS governments need to focus on reducing their very considerable dependence on fossil fuels. The clean energy evolution can lead to the abandonment of fossil fuel assets, including those retained or supported by governments.

  pp. 1-13 Abstract views:199 Downloads:123