Abstract
The global economy is confronted with challenges of promoting sustainable economic wealth while mitigating environmental degradation. Maintaining equilibrium holds particular urgency for the formation and success of strategic alliances in the Quadrilateral Security Dialogue (QUAD), which comprises the United States, Japan, Australia, and India, representing both developed and emerging economies. This examines the impact of economic growth (GDP) and control variables on greenhouse gas (GHG) emissions of the QUAD countries. To achieve this, a two-step system Generalised Method of Moments (GMM) approach is employed. The results reveal that GDP, financial development, and energy consumption significantly drive GHG emissions, suggesting that structural reforms are essential to redirect financial growth and energy use toward sustainable pathways. This study contributes valuable insights to policy discussions focused on finance, trade, and energy reform to achieve sustainable growth by providing specific factors influencing GHG emissions in a strategic alliance of diverse economies.
Keywords: Greenhouse gas emissions, QUAD, System GMM, Natural Resource Rent, Economic Growth
How to Cite:
Daga, S., Yadav, M. P., Paridhi, S., Yadav, K. & Gupta, V., (2025) “Economic Growth and Environmental Sustainability: Analyzing the Dynamics of Greenhouse Gas Emissions in QUAD Countries”, Australasian Accounting, Business and Finance Journal 19(4): 3, 31–57. doi: https://doi.org/doi.org/10.14453/aabfj.v19i4.03
Rights: In Copyright
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