Vedi metadata
I METADATI DI QUESTO DOI SONO STATI AGGIORNATI IL: 2025-03-11 12:02
Cite as
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Titolo completo
ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
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Editore
FrancoAngeli
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ISSN
2280-7659 (Rivista Stampata)
2280-7667 (Rivista Online)
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Numero del fascicolo
2
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Designazione del fascicolo
2
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Data del fascicolo
2024
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Titolo completo
Economic growth, financial development, and oil price effects on GHG emissions: Insights from BRICS economies
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Di (autore)
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Prima Pagina
55
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Ultima Pagina
68
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Lingua del testo
Inglese
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Data di publicazione
2024/11
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Copyright
2024 FrancoAngeli srl
Descrizione principale
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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