The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A96874" target="_blank" >RIV/60460709:41110/23:96874 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.resourpol.2023.103547" target="_blank" >https://doi.org/10.1016/j.resourpol.2023.103547</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.resourpol.2023.103547" target="_blank" >10.1016/j.resourpol.2023.103547</a>
Alternative languages
Result language
angličtina
Original language name
The influence of economic complexity processes and renewable energy on CO2 emissions of BRICS. What about industry 4.0?
Original language description
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. Finally, given the scarcity of empirical studies, this study adopts an incipient methodology to approximate the impact of the technologies associated with Industry 4.0 on carbon emissions, obtaining evidence that their effect on environmental deterioration is very moderate. In addition, the results suggest that, in the long term, these technologies can contribute to achieving the neutrality of polluting emissions.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
RESOURCES POLICY
ISSN
0301-4207
e-ISSN
0301-4207
Volume of the periodical
82
Issue of the periodical within the volume
MAY 2023
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
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UT code for WoS article
000988815800001
EID of the result in the Scopus database
2-s2.0-85153577644