Affiliation:
1. The West Centre for Economics Research Southwestern University of Finance and Economics Chengdu China
2. Department of Economics Karakoram International University Gilgit Pakistan
3. Department of Economics University of Religions and Denominations Qom Iran
4. Institute of Rural Development Sichuan Academy of Social Sciences Chengdu China
5. School of Economics Xiamen University Xiamen Fujian China
Abstract
AbstractThe agricultural sector holds paramount implications in the economies of BRICS (Brazil, Russia, India, China, and South Africa) countries. Nevertheless, the escalating effect of climate change shows a significant and alarming threat to the actual environmental conditions required to sustain agricultural production. This study examines the potential contribution of demographic dividends, digitalization, and energy intensity in facilitating the attainment of environmental sustainability and agricultural productivity by BRICS economies from 1996 to 2020. The study first tested cross‐sectional dependence, then unit roots, cointegration, and long‐run elasticities using suitable econometric approaches to explore possible links between the study variables. The empirical results from the long‐run estimators stated that digitalization improves agricultural production and the environment; contrarily, demographic dividend and energy intensity contribute to environmental degradation. Furthermore, the long‐term improvement of agricultural production is supported by demographic dividend, GDP per capita, energy intensity, and digitalization. Also, the study reached a broad inference emphasizing bidirectional causal associations between demographic dividend, energy intensity, GDP per capita, the environment, and agricultural production. In conclusion, the study has identified robust policy options for BRICS economies that can serve as valuable guidance for policymakers in making informed decisions and implementing effective practices.
Subject
Development,Geography, Planning and Development
Cited by
3 articles.
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