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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 12 | Issue 5 | Month- May 2024
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Published Paper Details:
Paper Title
THE EKC HYPOTHESIS IN BRICS-4 COUNTRIES AND USA: A NOVEL PANEL DATA ANALYSIS.
Authors
Osama Shaikh, Dr. Zeeshan Malik
Keywords
Carbon Emission, Economic Growth, Environmental Kuznets Curve, Second-Generation Panel Data Analysis.
Abstract
This paper establishes the long run association between gross domestic product (GDP) and gross fixed capital formation (GFCF) with carbon emission (CE) in BRICS-4 countries and USA. To empirically estimate the long run cointegration and to check the validity of EKC hypothesis, the novel second-generation panel data analysis is done by taking the annual data from 1991-2020. All the variables are cross-sectionally dependent, differenced stationary, and cointegrated over the long run, according to empirical estimations of CD-LM test, CADF & CIPS tests, and Westerlund (2007), respectively. Moreover, the coefficients estimated by employing the novel DCCE approach validates the presence of the EKC hypothesis in the BRICS-4 countries and the USA. Finally, based on the empirical findings, this paper posited some valuable policy recommendations for the BRICS-4 countries and USA.
IJCRT's Publication Details
Unique Identification Number - IJCRT2303496
Paper ID - 232811
Page Number(s) - e377-e390
Pubished in - Volume 11 | Issue 3 | March 2023
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Osama Shaikh, Dr. Zeeshan Malik, "THE EKC HYPOTHESIS IN BRICS-4 COUNTRIES AND USA: A NOVEL PANEL DATA ANALYSIS.", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 3, pp.e377-e390, March 2023, Available at :http://www.ijcrt.org/papers/IJCRT2303496.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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