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...

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...

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...

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...

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...

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...

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...

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...

Our investigation, bolstered by the robust gravity trade model and panel data econometric technique, underscores the pivotal factors that influence trade interactions between Saudi Arabia and the BRICS nations - Brazil, Russia, India, China, and South Africa. The study, spanning from 1998 to...

This article examines the global economic shift away from US dollar dominance, focusing on the rise of the Chinese yuan and de-dollarization efforts, particularly by Russia and BRICS nations (Brazil, Russia, India, China, and South Africa). The study explores the dollar's dominance since World...

The study examines the time-varying correlation and return spillover mechanism among developed (U.S.) and emerging (BRIC) stock markets during major crises from 2000 to 2023, namely the global financial crisis, COVID-19, and the Russia-Ukraine war. To do so, we used dynamic conditional...

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;...

The idea behind the BRICS began as a pure economic concept to acknowledge the growing weight of some major emerging economies. However, when it became a reality, it has evolved into a highly political - and less economic - concept. The BRICS, which has been expanded recently to BRICS+, has...

The original BRICS grouping of five was not a multilateral security alliance like NATO, and neither does the recent expansion of BRICS resemble the expansion of NATO. The members of the expanded BRICS are divided between those that are largely hostile toward the West in general and the US in...

The BRICS' expansion should be seen in the context of an ongoing challenge to the international order in general, and the West's competition with China and Russia in particular. China views the current difficulties of the liberal international order as a moment of "strategic opportunity,"...

Die Studie untersucht die technologische Leistungsfähigkeit Deutschlands im internationalen Vergleich anhand von Daten zur sektoralen Wertschöpfung sowie mittels Daten zum Handel mit Industriegütern. Sie zeigt, dass die deutsche Wirtschaft weiterhin stark auf die Produzenten hochwertiger...

While Russia's war of aggression on Ukraine is shaking the liberal international order, the Global South is using the occasion to demand overdue reforms and complaining about the neglect of its acute structural problems. Alternative organisations, such as BRICS, the Shanghai Cooperation...

In the context of sustainable development, this study investigates the intricate dynamics among good governance, renewable energy investment, and green finance in BRICS nations. The aim of the study is to assess how green finance and governance effectiveness moderate the impact of renewable...

Purpose This paper empirically investigates whether trade openness (TO) in Brazil, Russia, India, China and South Africa (BRICS) countries affects how banks might employ loan loss provisions (LLPs) to smooth out their earnings and how adopting the International Financial Reporting Standards...

We contribute to the recent debate in post-Keynesian economics (PKE), comparative political economy (CPE) and international political economy (IPE) on growth regimes. The paper presents an analysis of changes in demand and growth regimes in the BRICs countries, Brazil, Russia, India, and China,...