BRICS journal of economics最新文献

Tracing environmental Kuznets curves: unveiling the interplay of inequality, urbanization, GDP and emissions in BRICS nations 追踪环境库兹涅茨曲线：揭示金砖国家的不平等、城市化、国内生产总值和排放量之间的相互作用

BRICS journal of economics Pub Date : 2024-04-09 DOI: 10.3897/brics-econ.5.e117948

M. Biyase, Frederich Kirsten, T. Zwane, Santos Bila

{"title":"Tracing environmental Kuznets curves: unveiling the interplay of inequality, urbanization, GDP and emissions in BRICS nations","authors":"M. Biyase, Frederich Kirsten, T. Zwane, Santos Bila","doi":"10.3897/brics-econ.5.e117948","DOIUrl":"https://doi.org/10.3897/brics-econ.5.e117948","url":null,"abstract":"In light of environmental challenges, the BRICS countries have stepped to the forefront of economic progress versus environmental sustainability debate. Not only has energy consumption increased rapidly in these countries, but the economic progress and urbanization, mainly driven by intensive fossil fuel production, have also led to higher levels of income inequality. The dynamics of the interplay between economic growth, urbanization, and income inequality on the one hand and environmental sustainability on the other have yet to be fully understood in the BRICS context. This paper aims to contribute to the ongoing debate by assessing a combination of three Environmental Kuznets Curves (EKC) based on the GDPpc-emissions nexus, the income inequality- emissions nexus, and the urbanization-emissions nexus. Using the Autoregressive Distributed Lag (ADRL) and Panel Fully Modified Least Squares (FMOLS) models, we find an inverted U-shape EKC between GDP and carbon emissions, an inverted U-shaped EKC between income inequality and carbon emissions, and a U-shaped EKC between urbanization and carbon emissions. The inverted EKC between GDPpc and carbon emissions suggests that in the long run sustainable carbon reduction is possible alongside economic growth, but urbanization’s U-shaped impact on emissions might hinder this. Moreover, the inverted U-shaped relationship between income inequality and carbon emissions indicates a potential long-run trade-off between reducing both inequality and carbon emissions. Factors behind this relationship may vary significantly and include institutions- and country-specific factors, yet policymakers in the BRICS countries will do well attempting to better understand the dynamics behind urbanization and inequality as it will enable them to adopt more effective holistic policies aiming to improve energy efficiency, reduce fossil fuel dependence, and build economic systems contributing to faster economic growth, lower inequality and greater environmental sustainability.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"22 S2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140727239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Digitalization and predictability in the BRICS countries: what can be learned from information about the dynamics of stock prices 金砖国家的数字化和可预测性：从股票价格动态信息中可以学到什么

BRICS journal of economics Pub Date : 2024-04-09 DOI: 10.3897/brics-econ.5.e121212

Gurov Ilya

{"title":"Digitalization and predictability in the BRICS countries: what can be learned from information about the dynamics of stock prices","authors":"Gurov Ilya","doi":"10.3897/brics-econ.5.e121212","DOIUrl":"https://doi.org/10.3897/brics-econ.5.e121212","url":null,"abstract":"The study aims to identify the impact of digitalization on predictability in the BRICS countries’ stock markets. It is based on an analysis of the dynamics of stock markets volatility during the 1990-2023 period. The paper seeks to prove that the standard deviation of stock returns is determined by the volume of incoming new information, and higher volatility of returns indicates lower predictability. Digitalization may cause a reduction in uncertainty as it uses more data, improves their quality and develops data analysis methods. On the other hand, digitalization may lead to increased uncertainty due to the emergence and development of new industries, in which it is more difficult to predict cash flows in comparison with traditional industries because of increased complexity of supply chains and technologies. Based on quantitative analysis, it has been revealed that digitalization has led to a statistically significant decrease in the volatility of stock markets in the BRICS countries. In 2015-2023, relative to the period of the 1990s-2006, volatility in Russia decreased by 1 percentage point, in India by 0.4–0.5 percentage points, in China by 0.8 percentage points, in the UAE (Dubai) by 0.5-0.7 percentage points. Statistically insignificant decreases in volatility were observed in Brazil and South Africa. In the developed capital markets, the decrease in volatility between these two periods was also statistically insignificant, amounting to less than 0.1 percentage points. These findings may indicate that the processes of digitalization in the BRICS countries contributed to an accelerated increase in predictability thanks to an increase in the volume and quality of information and the emergence of new methods of analysis. At the same time, part of the decrease in volatility may be explained by further development and improved efficiency of capital markets. The joint influence of these effects on the complexity of forecasting turned out to be more significant than the impact of innovative technologies and new industries.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140722093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Voluntary insurance for rapid growth digital banking: Seeking attentions for policy-design in Pakistan-economy 促进数字银行快速发展的自愿保险：寻求巴基斯坦经济政策设计的关注点

BRICS journal of economics Pub Date : 2024-04-05 DOI: 10.3897/brics-econ.5.e121606

Akim M. Rahman

{"title":"Voluntary insurance for rapid growth digital banking: Seeking attentions for policy-design in Pakistan-economy","authors":"Akim M. Rahman","doi":"10.3897/brics-econ.5.e121606","DOIUrl":"https://doi.org/10.3897/brics-econ.5.e121606","url":null,"abstract":"In today’s business-driven world, e-banking service is an important product in financial sectors of many countries and Pakistan is no exception. Many affect the delivery of these services, often unpredictable, factors and are fraught with serious pitfalls including those of psychological nature. The Voluntary Insurance scheme can help the country overcome existing difficulties and move closer to a cashless society, contributing to the growth of the banking sector and safety of the e-banking operations in Pakistan. The new e-banking legal products are expected to gratify consumers, make the banks stronger, and contribute to the overall social development; the proposed Voluntary Insurance is to guarantee their success. The Welfare Analyses have been used for setting the VI prices so that the customers’ efficiency-cost balance could become appealing. Once the policymakers and policy practitioners of Pakistan recognize the importance of the proposed VI product and make the necessary arrangements for its use in the e-banking services market, it may spread from bankers to their customers and thus over the whole economy. The process of life cycle of the VI product will follow the “S-curve” in progression. These developments will become drivers of economic growth and e-services will eventually replace traditional banking.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"9 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140739195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

BRICS expansion: new geographies and spheres of cooperation. Editorial for special Issue 金砖国家的扩张：新的地理格局与合作领域。特刊编辑

BRICS journal of economics Pub Date : 2024-04-05 DOI: 10.3897/brics-econ.5.e120071

Y. Lissovolik

引用次数: 0

Expansion of brics: Implications for global energy markets 布里奇斯的扩张：对全球能源市场的影响

BRICS journal of economics Pub Date : 2024-04-05 DOI: 10.3897/brics-econ.5.e117048

A. Kazelko, Uirá Sorbo Semeghini

{"title":"Expansion of brics: Implications for global energy markets","authors":"A. Kazelko, Uirá Sorbo Semeghini","doi":"10.3897/brics-econ.5.e117048","DOIUrl":"https://doi.org/10.3897/brics-econ.5.e117048","url":null,"abstract":"Brazil, Russia, India, China, and South Africa have invited six other countries to join the BRICS grouping next year, namely Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and United Arab Emirates. The expanded BRICS is the lynchpin of the changing world order and economic clout for the promotion of the Global South agenda. As evidence suggests, the new group is likely to exert profound influence over the world energy investment and trade: apart from impressive oil and gas deposits, an expanded BRICS could have 72 percent of rare earths (and three of the five countries with the largest reserves). This paper seeks to assess the energy market potential of each country invited to join the group and estimate the possible impact of these markets on mineral trade flows, investments, and energy trade deals within the BRICS association.\u0000 To address the implications for global energy markets carried by this expansion, the paper examines each new member of the BRICS grouping’s mineral supplies and renewable energy capabilities. The authors conduct qualitative data analysis based on numerical evidence collected from the energy sector reports of each country, the latest report of the Center for Strategic and International Studies, and from publications by prominent experts of the countries invited to join BRICS. By revealing the current tendencies in BRICS oil and gas markets and the energy features peculiar to each of the new members, the paper answers the research question concerning the mineral resources that each new member of the bloc could offer in order to boost the BRICS energy markets. Touching upon the clean energy transition processes in the new member countries, the authors conclude by contemplating on the impact of the new BRICS on global energy trade in general.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"31 9‐10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140737527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

BRICS Plus: de-dollarization and global power shifts in new economic landscape 金砖+：新经济格局中的去美元化和全球权力转移

BRICS journal of economics Pub Date : 2024-04-05 DOI: 10.3897/brics-econ.5.e117828

Mohammed Saaida

{"title":"BRICS Plus: de-dollarization and global power shifts in new economic landscape","authors":"Mohammed Saaida","doi":"10.3897/brics-econ.5.e117828","DOIUrl":"https://doi.org/10.3897/brics-econ.5.e117828","url":null,"abstract":"This article examines the de-dollarization phenomenon of the BRICS Plus and its impact on global economic dynamics. The research employs analytical descriptive technique to explore the factors that influence the BRICS Plus-led de-dollarization and the results it may lead to. The study discusses the BRICS Plus strategy, considering economic and political factors, and identifies potential areas of divergent interests within the changing global landscape. The BRICS Plus’s emergence involves an interplay between economic capabilities and geopolitical influence, potentially impacting existing global power dynamics. To achieve its goals, the BRICS Plus needs to address internal differences, establish institutions, and navigate complex geopolitical situations with diplomacy. The United States faces challenges, including its diminishing economic influence, which necessitates strategic choices and diplomatic measures for adaptation. The paper proposes recommendations based on creating internal strategies to meet the BRICS Plus’s economic needs and external strategies to be designed in response to proactive economic challenges of the United States in the international context.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"27 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140736777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Why forest economy can become a driving force of the development of BRICS cooperaion 森林经济为何能成为金砖国家合作发展的推动力？

BRICS journal of economics Pub Date : 2023-12-22 DOI: 10.3897/brics-econ.4.e112531

A. Pyzhev

{"title":"Why forest economy can become a driving force of the development of BRICS cooperaion","authors":"A. Pyzhev","doi":"10.3897/brics-econ.4.e112531","DOIUrl":"https://doi.org/10.3897/brics-econ.4.e112531","url":null,"abstract":"The changing global geopolitical and economic landscape generates growing interest in new strategic alliances among the world’s fastest growing economies. This is certainly true for the BRICS countries, whose importance for the contemporary world cannot be overestimated. As soon as the group begins to turn into a more institutionalized organization, the question of establishing closer and more numerous economic and social ties will arise. The paper analyzes the trends in the development of the forest economy in Brazil, Russia, India, China and South Africa over the past two decades. It assesses each country’s share in the global timber harvesting and its position on the international market for forest products. Accounting for slightly less than 1/3 of the global annual harvest, the BRICS countries have boosted production and export of their forest products in the XXI century. According to our calculations, only India and China’s production and export of sawn timber and wood panels increased tenfold. The paper examines conditions for turning the forest economy into one of the drivers of cooperation between the BRICS countries and the existing financial, political and environmental constraints. Such cooperation will be possible if there is sufficient demand for forestry products in BRICS; it will require measures to radically improve the logistics of trade between the countries, given their great mutual remoteness. The important role of the BRICS countries in the global forest economy can become an important factor in the further development of cooperation within the group, especially after the expansion expected in 2024.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"45 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138945843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Sports Mega Events and the BRICS Economies: A Brief Historical Overview 体育盛事与金砖国家经济：历史概述

BRICS journal of economics Pub Date : 2023-12-22 DOI: 10.3897/brics-econ.4.e111951

W. Vamplew

{"title":"Sports Mega Events and the BRICS Economies: A Brief Historical Overview","authors":"W. Vamplew","doi":"10.3897/brics-econ.4.e111951","DOIUrl":"https://doi.org/10.3897/brics-econ.4.e111951","url":null,"abstract":"This paper provides an historical overview of the involvement of BRICS nations in hosting sports mega-events since 1990. It draws upon published studies to `generalise about how the hosting experience affected the BRICS economies. A survey of bidding for some mega-events shows that BRICS nations were keen to hold them, especially when there was a change in hosting policy which encouraged developing nations to apply. Indeed it can be suggested that regular bidding built the events into BRICS nations development strategies in which hosting a sporting mega-event both demonstrated that the nations had developed sufficiently to spare the resources for such prestigious entertainments but also was a way of boosting further development through infrastructure improvements and the encouragement of tourism. Certainly many city politicians and influencers saw hosting a mega-event as a key to urban regeneration and modernisation. In most cases the events were sporting successes, but the economic story was one of exaggerated pre-event claims of potential benefits and seriously underestimated costs. A major issue was the lower level of the infrastructural base from which BRICS countries started compared to more developed economies. The funding of sporting mega events meant that resources had to be diverted from possible alternative uses such as health, education and housing.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"6 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138947794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Low-carbon development of Russia: problems and prospects 俄罗斯的低碳发展：问题与前景

BRICS journal of economics Pub Date : 2023-12-22 DOI: 10.3897/brics-econ.4.e112314

Nikonorov Sergey

引用次数: 0

Navigating the Transition to Inclusive Online Learning in BRICS and Africa 引领金砖五国和非洲向全纳在线学习过渡

BRICS journal of economics Pub Date : 2023-12-22 DOI: 10.3897/brics-econ.4.e114685

Chetty Krish

{"title":"Navigating the Transition to Inclusive Online Learning in BRICS and Africa","authors":"Chetty Krish","doi":"10.3897/brics-econ.4.e114685","DOIUrl":"https://doi.org/10.3897/brics-econ.4.e114685","url":null,"abstract":"In response to COVID-19 lockdowns, universities in Africa and BRICS nations swiftly transitioned from contact to online learning to maintain academic progress. This article explores critical questions these institutions must address to develop effective long-term online learning policies, rooted in Swartz’s (2022) Navigational Capacities framework. It highlights the risk of deepening digital inequalities if the limitations of emergency remote learning are overlooked. Focusing on the experiences of the BRICS, Ghana, Uganda, and Ethiopia, the article analyses their online learning approaches during 2020 and 2021 amidst the pandemic. This analysis, through the Navigational Capacities lens, emphasises addressing key challenges such as technology access, affordability, and digital skills. Many universities initially transferred traditional teaching methods to online platforms without a pedagogical redesign to optimise digital tools, underscoring a need for a strategic shift. Going forward, universities must understand the requirements of an effective long-term online learning programme, weighing the economic costs of such an approach. Crucially, universities across BRICS and the Global South must continue to share knowledge about these experiences as they develop policies which define an effective long-term online learning programme.","PeriodicalId":492977,"journal":{"name":"BRICS journal of economics","volume":"62 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138945653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0