Implementing policy combinations that neither negatively impact economic performance nor create the least amount of harm is the most crucial factor to consider in policy practices that promote environmental quality. In this regard, green growth, which harmonises both environmental and economic performance, gains importance. Based on this, this study analyses the effects of foreign direct investments, financial development, and financial globalisation on green growth for BRICS countries for the period 1990-2021. For this purpose, the effects of these factors on green growth are investigated using novel wavelet quantile regression and wavelet quantile correlation techniques. The findings show that while foreign direct investment inflow harms green growth in countries other than South Africa, there is a positive effect for South Africa. On the other hand, financial development and financial globalisation have adverse effects on green growth only in South Africa but have an increasing effect on green growth in other countries.

Department of Business Administration Faculty of Economics and Administrative Sciences Tokat Gaziosmanpasa University Tokat Turkey

Department of Economics Gaziantep University Gaziantep Turkey; Research Methods Application Center of UNEC Azerbaijan State University of Economics Baku AZ1001 Azerbaijan; Department of Economics Korea University Seoul 02841 South Korea

Department of International Business and Economics Bucharest University of Economic Studies Romania

Research Methods Application Center of UNEC Azerbaijan State University of Economics Baku AZ1001 Azerbaijan; Economics and Business Western Caspian University Baku Azerbaijan; Department of Applied Economics 1 University of Castilla La Mancha Spain; Department of Management and Marketing Czech University of Life Sciences Prague Faculty of Economics and Management Prague Czech Republic

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