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author:

Hussain, Muzzammil (Hussain, Muzzammil.) [1] | Wang, Yiwen (Wang, Yiwen.) [2] | Binsaeed, Rima H. (Binsaeed, Rima H..) [3]

Indexed by:

Scopus SCIE

Abstract:

Uncertain financial and economic conditions are obstacles to achieving sustainable consumer confidence due to their influence on saving habits. Currently, the role of consumer confidence in emerging economies' financial systems and environments is undetermined. While investments to improve energy structure and environment-related technologies are increasing, the effect of consumer confidence remains unreported in the literature. Therefore, we investigate the nexus of the environment, energy structure, consumer confidence, and environment-related technologies in this work. Results are estimated using the methods of cross-sectional dependency (CD), "cross-sectionally augmented Im-Pesaran-Shin (CIPS), covariate-augmented Dickey-Fuller (CADF) unit root, co-integration, cross-sectional autoregressive distributed lag (CS-ARDL), augmented mean group (AMG), and common correlated effect mean group (CCEMG)" estimations. Data from, "Brazil, Russian Federation, India, China, and South Africa (BRICS)" economies between 1992 and 2020 are employed for the analysis. The findings reveal that consumer confidence (CC) supports the reduction of ecological footprints. Similarly, energy structure (ES) and environment-related technologies (ERTs) are critical for reducing environmental deterioration in BRICS economies. Thus, the findings have clear policy implications that support policy consistency to build consumer confidence and capitalize on the favorable effects of renewable energy (RE) and ERTs.

Keyword:

Consumer confidence Ecological footprint Energy structure Environment-related technologies

Community:

  • [ 1 ] [Hussain, Muzzammil]King Fahad Univ Petr & Minerals, Interdisciplinary Res Ctr Finance & Digital Econ, KBS, Dhahran, Saudi Arabia
  • [ 2 ] [Wang, Yiwen]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Peoples R China
  • [ 3 ] [Binsaeed, Rima H.]King Saud Univ, Riyadh, Saudi Arabia

Reprint 's Address:

  • [Hussain, Muzzammil]King Fahad Univ Petr & Minerals, Interdisciplinary Res Ctr Finance & Digital Econ, KBS, Dhahran, Saudi Arabia

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Source :

ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY

ISSN: 1387-585X

Year: 2025

4 . 7 0 0

JCR@2023

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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