Does educated labor force is managing the green economy in BRCS? Fresh evidence from NARDL-PMG approach

It is observed that an educated labor force can increase the absorption capacity of the economy and improve the effectiveness of green technologies that lead to a reduction in potential CO2 emissions. The study investigates whether an educated labor force contributes to the management of the green economy or not in BRCS economies. Panel ARDL-PMG and NARDL-PMG approaches have been employed for empirical analysis for data ranging from 1995 to 2019. According to the ARDL-PMG results, a highly educated labor force contributes to alleviating CO2 emissions in the long run. In contrast, the findings of NARDL-PMG infer that positive component of a highly educated labor force has a significant negative impact on CO2 emissions, while negative component of a highly educated labor force has a positive impact on CO2 emissions in the long run. The study suggests that BRCS countries' policymakers should promote education and training for the labor force to maintain a reduction in CO2 emissions.