DIESE DOI-METADATEN WURDEN ZULETZT AKTUALISIERT AM: 2025-03-11 12:02
Vollständiger Titel
ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Verlag
FrancoAngeli
ISSN
2280-7659 (Gedruckte Zeitschrift)
2280-7667 (Online-Zeitschrift)
Nummer der Ausgabe
2
Andere Beschreibung der Ausgabe
2
Erscheinungsdatum der Ausgabe
2024
Vollständiger Titel
Economic growth, financial development, and oil price effects on GHG emissions: Insights from BRICS economies
Von (Autor)
Erste Seite
55
Letzte Seite
68
Sprache des Textes
Englisch
Erscheinungsdatum
2024/11
Copyright
2024 FrancoAngeli srl
Abstract/Hauptbeschreibung
The global concern surrounding the environmental impacts of oil price fluctuations prompts us to investigate the skewed effects of such changes on environmental contamination in BRICS economies. Utilizing a yearly time series dataset from 1991 to 2020, the study employs quantile regression techniques to discern nuanced patterns between economic factors, financial development, oil prices, and their collective impact on the environment in BRICS nations. The results, gleaned from panel data analysis across BRICS nations, unveil a notable correlation between Gross Domestic Product (GDP) growth and a persistent increase in Greenhouse Gas (GHG) emissions. Intriguingly, the study reveals a negative correlation between GHG emissions and financial development, suggesting a potential mitigating effect of financial advancements on environmental harm. Moreover, the study identifies that extremely low, greater than median and extreme high oil prices do not significantly contribute to environmental degradation.
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