 The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?Daniel Balsalobre-Lorente, Clara Contente dos Santos Parente, Nuno Leitão and José María Cantos-Cantos Resources Policy, 2023, vol. 82, issue C Abstract: This study analyses the relationship between carbon dioxide emissions per capita, the economic complexity index, renewable energy, and inward foreign direct investment using panel data for the BRICS countries from 1995 to 2020. Empirical results confirm that the environmental Kuznets curve is fulfilled, with a positive but decreasing contribution of economic development on environmental deterioration, to the point that neutrality on CO2 emissions can be achieved in the long term. In addition, the results confirm, in this case, the Pollution Haven Hypothesis, that is, the set of BRICS economies chooses to apply regulations that do not respect the environment. The results of other econometric studies support this study, pointing to long-run cointegration. The unit root tests and the variance inflation test also point to stationarity at the first difference and a lack of multicollinearity, respectively. Keywords: Carbon dioxide; Renewable energy; ECI; FDI; BRICS; Industry 4.0 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002581 DOI: 10.1016/j.resourpol.2023.103547 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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