This study introduces a novel composite approach to nonlinear inflation dynamics in identifying historical inflation patterns and forecasting future regime shifts. Assuming inflation's responsiveness to its determinants varies across inflation regimes and that inflation shock magnitude shapes...

The escalating threat of climate change has placed carbon dioxide (CO2) emissions at the forefront of global environmental policy. The relationship between carbon dioxide (CO2) emissions and information technology (IT) is crucial in shaping international climate change strategies. This study...

We aim to show how any variants of a unified currency among BRICS Plus countries are challengeable, by probing the disparate influence of the positive and negative alterations in the crude oil's international price on the real effective exchange rates. The paper applies the nonlinear...

This paper aims to estimate the value added and greenhouse gas (GHG) emissions embodied in trade between Brazil and the original BRICS countries - China, India, Russia, and South Africa - for the year 2022. Based on data from Exiobase, the emissions indicator reveals that China is the main...

This era of polycrises, a global health pandemic coupled with wars in Europe and the Middle East, against the backdrop of Great Power rivalry and climate related emergencies, has profoundly affected all countries, rich and poor alike. Disproportionately affected have been those of the Global...

Natural resources are a strong factor in economic advancement. However, the excessive mining and consumption of natural resources lead to various environmental issues in both emerging and developed economies. Carbon emission due to the exploitation of natural resources is inevitable....

In sheer quantity, the five original BRICS countries appear impressive. They account for a substantial share of the world's population, economy, trade and muster large militaries. In January 2024, BRICS gained even more steam, by admitting four new member states that participated in the most...

Aim: This study investigates foreign exchange market dynamics by forecasting and analyzing the Value-at-Risk (VaR) for the Nigerian Naira against BRICS currencies utilizing daily data from January 1, 2010 to December 31, 2024. Design/Research methods: The five BRICS currencies (BRL, RUB, INR,...

This study aims to identify the common indices having an impact on the SPV of BRICS countries during crises. To address this, the monthly data retrieved from the database of the Global Economic Monitor (GEM), World Bank, IMF International Financial Statistics data, and OECD in the period of...

This study analyzes the dynamic connectedness between the Baltic Dirty Tanker Index (BDTI) and sector indexes in the stock exchanges of the BRIC countries, focusing on the chemical, oil, and raw materials sectors. Using daily data from January 1, 2015, to September 30, 2024, the analysis reveals...

The role of energy efficiency is frequently portrayed as the most prominent tool for achieving carbon neutrality and sustainable development goals. Thus, the present study is intended to explore the dynamic role of energy efficiency, green energy, green technology, and environmental policy...

As the world transitions towards a low-carbon economy, understanding the employment implications of renewable energy growth is crucial, particularly in emerging economies like the BRICS nations, where energy demand and employment pressures are rapidly evolving. The justification for this study...

This study examines the dynamic and nonlinear effects of global interest rate (based on the G7 market) shocks on equity markets in BRICS countries. A World Interest Rate (WIR) index is constructed using principal component analysis of short-term interest rates from developed economies. The...

Policymakers in BRICS economies face several financial risks in increasing their level of investment in renewable energy. This is because investment in renewable energy is crucial in light of climate change. Although numerous studies have investigated the factors driving renewable energy, little...

This empirical study examines the dynamic connectedness between global geopolitical tension (GPR) and the flow of foreign remittances (FR) in response to evolving global and strategic economic dynamics. The study employs the NARDL estimation model to assess the symmetric and asymmetric...

BRICS, the 15-year-old alliance of Brazil, Russia, India, China and South Africa, has emerged as an important actor on the global political and economic stage, not least by expanding its membership to include middle-power states Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates in...

Brexit has undeniably had effects on power relations in the world economy and beyond. This article aims to measure the dimensions of power for the European Union, the United States and the BRICS countries and to provide a case study about the prospective impact of Brexit on the EU's and the UK's...

We analyze the BRICs countries' role in Global Value Chains (GVCs) and their trade patterns in value-added and vertical specialization, using the World Input-Output Database (WIOD) from 2000-2014 with a decomposition model of intermediate goods and trade flows. Our findings reveal increased...

n the context of globalization, good governance and energy financing are essential for sustainable and inclusive economic growth, particularly in emerging countries, as both are necessary for optimizing globalization. Existing research investigated the governance-energy-environment nexus;...

Achieving a balance between economic growth, environmental sustainability, and social well-being remains a pressing challenge for emerging economies. This study examines the factors contributing to inclusive growth in the BRICS countries, concentrating on the connections between life expectancy,...

Global tensions and uncertainty in economic policy can cause structural change and disruption in the volatile sector of the economy. This study investigates the effects of geopolitical risk on bank stability and the role of economic policy uncertainty in this relationship in BRICS countries. We...

This study aims to examine the moderating effect of FSD on the relationship between EPU and corporate investment in the BRICS nations between 2010 and 2022. It looks at how a developed financial sector can lessen these effects and aims to offer empirical evidence on the mechanisms through which...

This study examines the effects of geopolitical risk (GPR) shocks on stock market returns and volatility across G7, BRICS, and Gulf countries, using a time-varying parameter vector autoregression (TVP-VAR) model. By analyzing responses over short, medium, and long-term horizons, our findings...

The study evaluates the feasibility of BRICS (Brazil, Russia, India, China, and South Africa) countries to form an Optimum Currency Area (OCA) through the analysis of shock correlation within the OCA framework. Employing a structural vector auto regression (SVAR) model proposed by Blanchard and...

This study investigates the creation of portfolios that effectively hedge against inflation in the context of the stock markets of Brazil, Russia, India, China, and South Africa (BRICS). Utilizing Ordinary Least Squares (OLS), Ridge, MM, and Quantile regressions, we construct portfolios that...