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Zenodo
2025
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| Online Access: | https://doi.org/10.5281/zenodo.15577134 |
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| author | North American Academic Research |
| author_facet | North American Academic Research |
| contents | <p><span lang="EN-US">Combined, BRICS nations consume over a third of the world’s global primary energy, and this figure is expected to rise with economic growth in the coming decades. The trend necessitates efficient use of energy. This research identifies restructuring of industry from energy intensive-manufacturing to less energy-intensive manufacturing and services, along with carefully optimized trade openness, as the two vehicles for energy efficiency improvements. Using panel data of all 5 BRICS countries spanning the period from 2000 to 2023 and dividing the block into 3 clusters based on the nature of their economies, PLS regression analysis is applied to understand how trade openness and industrial restructuring has impacted energy efficiency in BRICS during this period. Results indicate that the overall influence of industrial restructuring on energy efficiency has been positive across the board. However, trade openness has benefitted the China-India and Russia clusters while negatively impacting the South Africa-Brazil Cluster. These results suggest that the heterogeneous nature of BRICS calls for a careful, contextualized, and differentiated policy framework that takes into account the specific positions and current economic needs of each nation. Suitable policy directions are suggested. </span></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_15577134 |
| institution | Zenodo |
| language | |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Trade and Industrial Restructuring Policies That Can Enhance Energy Efficiency in BRICS countries North American Academic Research <p><span lang="EN-US">Combined, BRICS nations consume over a third of the world’s global primary energy, and this figure is expected to rise with economic growth in the coming decades. The trend necessitates efficient use of energy. This research identifies restructuring of industry from energy intensive-manufacturing to less energy-intensive manufacturing and services, along with carefully optimized trade openness, as the two vehicles for energy efficiency improvements. Using panel data of all 5 BRICS countries spanning the period from 2000 to 2023 and dividing the block into 3 clusters based on the nature of their economies, PLS regression analysis is applied to understand how trade openness and industrial restructuring has impacted energy efficiency in BRICS during this period. Results indicate that the overall influence of industrial restructuring on energy efficiency has been positive across the board. However, trade openness has benefitted the China-India and Russia clusters while negatively impacting the South Africa-Brazil Cluster. These results suggest that the heterogeneous nature of BRICS calls for a careful, contextualized, and differentiated policy framework that takes into account the specific positions and current economic needs of each nation. Suitable policy directions are suggested. </span></p> |
| title | Trade and Industrial Restructuring Policies That Can Enhance Energy Efficiency in BRICS countries |
| url | https://doi.org/10.5281/zenodo.15577134 |