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Towards the Sustainable Nexus of Higher Economic Complexity Index, Lower Carbon Emissions and Accelerated Economic Growth:

Article

Last updated: 29 Dec 2024

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Abstract

Abstract BRICS economies market potential stood at around 3.27 billion individuals in 2023 contributing  to 18% of the global exports, yet it remains to be questionable whether their exports have attained the aspired level of technological complexity towards accelerating economic growth. Hence, the main objective of the paper is to estimate how would higher levels of technological advancement envisaged by the Economic Complexity Index (ECI) slash down carbon emissions and bolster economic growth for BRICS economies and other potential members like Egypt. The paper's main theoretical framework is supported by the endogenous, neo classical growth theories and Kuznets curve to articulate the linkages between ECI, carbon emissions and GDP growth. The empirical dataset covers a time frame of 20 years from [2000- 2021] and the analysis' aims to differentiate between short run and long run behavior of ECI and carbon emissions on affecting economic growth. The analysis employs a battery of econometric techniques suitable for panel data to include stationarity tests, panel cointegration, fixed effects, cross section dependence models, cointegration and ARDL (Autoregressive Distributed Lag). The main results stand out to support the theoretical intuition and indicate that higher sophistication and technological content in manufactures maximizes the complexity and value-added content of BRICS country's exports  and reduces carbon emissions.

DOI

10.21608/msamsj.2024.312634.1073

Keywords

ECI, Carbon Emissions, GDP growth, ARDL, BRICS

Authors

First Name

Esmat

Last Name

Kamel

MiddleName

-

Affiliation

Economics Management sciences MSA

Email

esmmostafa@msa.edu.eg

City

-

Orcid

orcid.org/0000-0003-2742-0403

First Name

Azza

Last Name

Kamal

MiddleName

Mohamed

Affiliation

October University for Modern Sciences and Arts MSA

Email

azza_k@aucegypt.edu

City

Giza

Orcid

0000-0001-9593-7565

First Name

Salah

Last Name

Fadel

MiddleName

Ahmed

Affiliation

Department of Economics, Modern Sciences and Arts University, Giza, Egypt

Email

salah.ahmed1@msa.edu.eg

City

Giza

Orcid

0009-0009-1523-2270

Volume

3

Article Issue

3

Related Issue

46270

Issue Date

2024-08-01

Receive Date

2024-08-15

Publish Date

2024-08-01

Page Start

129

Page End

161

Print ISSN

2974-3028

Online ISSN

2974-3036

Link

https://msamsj.journals.ekb.eg/article_380462.html

Detail API

https://msamsj.journals.ekb.eg/service?article_code=380462

Order

380,462

Type

Original Article

Type Code

2,535

Publication Type

Journal

Publication Title

MSA-Management Sciences Journal

Publication Link

https://msamsj.journals.ekb.eg/

MainTitle

Towards the Sustainable Nexus of Higher Economic Complexity Index, Lower Carbon Emissions and Accelerated Economic Growth:

Details

Type

Article

Created At

29 Dec 2024