There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.
Abstract
Economic development drives industrialization, which increased the value of the extracted
natural resources. Excessive usage of natural resources, through agriculture, deforestation,
and mining can affect the environment. In this regard, the present study investigates
the effects of natural resources' abundance on carbon dioxide (CO2) emissions. The
study uses annual panel data spanning from 1990 to 2015 in BRICS countries. The augmented
mean group (AMG) panel algorithm, robust to crosssectional dependence and heterogeneity,
infers the heterogeneous effect of natural resources on CO2 emissions among BRICS
countries. Abundance of natural resources mitigates CO2 emission in Russia, but contributes
to pollution in South Africa. In addition to this, natural resources help to form
Environmental Kuznets Curve (EKC) hypothesis in Brazil, China, Russia, and South Africa.
Finally, causality analysis suggested feedback hypothesis between natural resources
and CO2 emissions.