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AuthorNyangarika,Anthony
AuthorMikhaylov,Alexey
AuthorMuyeen,S. M.
AuthorYadykin,Vladimir
AuthorMottaeva,Angela B.
AuthorPryadko,Igor P.
AuthorBarykin,Sergey
AuthorFomenko,Natalia
AuthorRykov,George
AuthorShvandar,Kristina
Available date2023-02-26T08:29:58Z
Publication Date2022
Publication NameFrontiers in Environmental Science
ResourceScopus
URIhttp://dx.doi.org/10.3389/fenvs.2022.1031343
URIhttp://hdl.handle.net/10576/40374
AbstractThe paper observes the dependence of the main macroeconomic indicators in developing countries from the change in world prices for crude oil. We analyzed a system of simultaneous equations, which makes it possible to verify some of these hypotheses, and developed the model to forecast the impact of oil prices on budget revenues. The practical significance of this work lies in the structuring of existing knowledge on the impact of oil crisis. The results of this work can be considered confirmation of the hypothesis of the sensitivity of U.S. macroeconomic indicators to the dynamics of oil prices. Outcomes assume stable growth even in the period of shock prices for oil, which is confirmed by the statistics that were used in the model. Deep decarbonization modeling is a trend in industrial facilities that are used by developing countries. The major challenge is the issue of availability that is applicable to the countries that want to utilize this facility in their communities. Industrial modeling toward decarbonization is now a developing mechanism to curb the growing issue of atmospheric pollution. This paper proves the relevance of promoting deep decarbonization applied by the developing countries. Copyright 2022 Nyangarika, Mikhaylov, Muyeen, Yadykin, Mottaeva, Pryadko, Barykin, Fomenko, Rykov and Shvandar.
SponsorThe research of SB and VY is partially funded by the Ministry of Science and Higher Education of the Russian Federation under the strategic academic leadership program "Priority 2030" (Agreement 075-15-2021-1333 dated 30.09.2021).
Languageen
PublisherFrontiers Media S.A.
Subjectbudget revenues
gross national product
investment export
normality of distribution
oil and gas impact
oil price forecasting
TitleEnergy stability and decarbonization in developing countries: Random Forest approach for forecasting of crude oil trade flows and macro indicators
TypeArticle
Volume Number10
dc.accessType Open Access


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