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1 – 10 of over 2000K.T. Naheem and Aasif Ahmad Mir
This study aims to examine the current status and different characteristic features of research data repositories established by BRICS nations in order to understand the research…
Abstract
Purpose
This study aims to examine the current status and different characteristic features of research data repositories established by BRICS nations in order to understand the research data infrastructure within BRICS countries.
Design/methodology/approach
The data were collected from the re3data repository (http://www.re3data.org/), focusing specifically on BRICS nations. The data were analyzed to grasp the current status of research data repositories in BRICS countries. The dataset was retrieved on March 2, 2024. A total of 195 Research Data Repositories (RDRs) originating from BRICS countries were identified and selected for comprehensive analysis.
Findings
As of March 2, 2024, re3data.org indexes a total of 3,192 Research Data Repositories (RDRs) worldwide, with BRICS nations contributing 195. China leads among BRICS nations, followed by India, Russia, and Brazil. Scientific and Statistical Formats are the most shared content categories, followed closely by Standard Office Documents. There is notable diversity in the subjects covered by RDRs across BRICS nations. English is the primary interface language, followed by Chinese and Portuguese. “House, tailor-made” software is widely used for creating RDRs, followed by Dataverse and DSpace. Fourteen metadata standards are found, with Dublin Core metadata being the most prevalent, followed by the DataCite Metadata Scheme. Most repositories are disciplinary, followed by institutional ones. Most repositories specify data upload types, with “restricted” being the most common, followed by closed types. Open access is predominant in data access, followed by restricted access and embargo periods, while a small number restrict access entirely.
Originality/value
The present study will help gauge the strengths and weaknesses of the RDRs of BRICS nations and also learn how open these RDRs are for data access and upload provisions. The study contributes to a broader comprehension of the accessibility and usability of research data within the BRICS community, ultimately fostering greater transparency, collaboration, and knowledge dissemination within the scientific community, thus fostering greater innovation and advancement in research endeavors. The study provides a nuanced understanding of the research data infrastructure within BRICS nations, highlighting key trends, strengths, and areas for potential improvement.
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This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this…
Abstract
Purpose
This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this type of study, the BRICS framework is an appealing empirical case, given its uncommon characteristics. For example, BRICS member states come from remote geographic locations (Africa, Asia, Europe and South America) and have contrasting socioeconomic profiles.
Design/methodology/approach
An empirical design is framed from the perspective of bilateral trade between South Africa and BRIC. The author accepts trade intensity as a proxy of regional economic integration and then examines the resulting effect on the stock market co-movement within BRIC. The study applies a two-step econometric procedure of the BEKK-MGARCH and panel data models.
Findings
Overall, bilateral trade, as a proxy of economic inwctegration, is associated with an increase in stock market integration. This positive relationship is particularly observed during episodes of surplus trade, and more interestingly, was initiated three years after BRICS’ existence and continues to grow at an increasing rate.
Practical implications
The study outcome should benefit international trade practitioners and global investors interested in portfolio diversification or concerned with risk spillovers.
Originality/value
First, notwithstanding South Africa's significant economic presence in the African continent, to the best of the author’s knowledge, this is the first study to empirically evaluate the BRICS economic integration on their stock market linkages from the perspective of South Africa. The value of this contribution is that further work may investigate the bidirectional spillover impact conveyed by South Africa's trade interactions within the juxtaposition of Africa and BRICS economies. Second, given that research on REI and stock market integration has historically concentrated on mature regional blocs of Europe, Asia, South and North America, the current study advances knowledge while correcting the prevailing literature imbalance.
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Amr El Alfy, Dina El-Bassiouny and Logan Cochrane
The new additions to Brazil, Russia, India, China and South Africa (BRICS) expand into the broader Middle East and North Africa region, adding some of the largest populations and…
Abstract
Purpose
The new additions to Brazil, Russia, India, China and South Africa (BRICS) expand into the broader Middle East and North Africa region, adding some of the largest populations and strongest economies of the region to BRICS+. Since the BRICS summit in August 2023, significant media attention has been given to the impacts of these shifting geopolitical sands, from the potential for de-dollarization processes, and the distribution of resource reserves for influencing markets. Conference of the Parties (COP) 28 presents an opportunity for these emerging economies (BRICS+) to assert their role in addressing the global climate crisis and push for more equitable and effective solutions. However, only little has been explored on how the new BRICS+ alignment will influence climate negotiations at COP 28 and the sustainability transition more broadly. This perspective article explores what the changes to BRICS+ mean for COP 28 and the relevance of COP 28 being hosted in a BRICS+ member country.
Design/methodology/approach
In crafting this perspective paper on BRICS+, the authors' methodology primarily entails a comprehensive review of existing literature, policy documents and academic analyses related to the BRICS+, as well as the examination of official statements, declarations and policy shifts from BRICS+ member countries to gauge their intentions and priorities within this expanded framework. The authors also monitor developments leading up to COP 28 to provide real-time insights into how BRICS+ dynamics shape climate negotiations.
Findings
The authors' perspective article puts forth a number of insights. First, the BRICS+ member countries are prominent players in global geopolitics. Their involvement in COP 28 could lead to climate negotiations being intertwined with broader geopolitical issues, potentially impacting the pace and direction of climate agreements. Second, COP 28 offers a critical opportunity to bridge the divide between developed and developing nations in the realm of climate action and sustainable development. The BRICS+ countries may, in this COP event, explore options beyond the traditional intergovernmental institutions, which often reflect the influence, hegemony and power dynamics of the Global North. This includes South–South collaboration, bilateral financial support, innovative financing and direct trade. Finally, agendas related to capacity building in this coming event will be a critical component of the global climate change agenda in a way that develops South–South dialogs for climate change adaptation and mitigation.
Originality/value
The authors' research sheds light on the implications of this expansion for climate negotiations, a critical global concern. It delves into uncharted territory by examining how the BRICS+ alignment may influence climate initiatives, which has not been thoroughly explored in existing literature. This comprehensive perspective fills a critical gap in the current discourse, providing policymakers and scholars with a more holistic understanding of the implications of BRICS+ for the global agenda on sustainability. Moreover, the research offers real-time insights by monitoring developments leading up to and during COP 28, allowing for timely analysis and informed recommendations. This aspect of the research provides immediate value to stakeholders engaged in climate negotiations and international relations.
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This paper aims to identify the impact of economic integration on trade competitiveness and demonstrate its effects on trade and investment performance of member nations.
Abstract
Purpose
This paper aims to identify the impact of economic integration on trade competitiveness and demonstrate its effects on trade and investment performance of member nations.
Design/methodology/approach
The study compiles some price indices to provide a systematic assessment of competitiveness in the BRICS region. The panel regression framework estimates the impact of integration on trade competitiveness and the external sector performance of BRICS nations.
Findings
The findings of the research highlight the prospects for strong, closer and sustained integration in BRICS and, more importantly, the contribution of competitiveness to FDI receipts and export growth.
Research limitations/implications
The assessment of exports and investment experiences of BRICS nations, particularly China and India, provides further evidence in support of the logical design and strategic use of their foreign trade policies.
Originality/value
The economic partnership that wants to sustain this high road to global economic space needs strategic orientations to promote their partnership in other interest areas to make the cooperation more competitive in price terms.
Achraf Ghorbel and Younes Boujelbene
This paper aims to employ GARCH-class models (GARCH, IGARCH and CGARCH) to estimate the volatility persistence on crude oil, US, Gulf Corporation Council (GCC), Brazil, Russia…
Abstract
Purpose
This paper aims to employ GARCH-class models (GARCH, IGARCH and CGARCH) to estimate the volatility persistence on crude oil, US, Gulf Corporation Council (GCC), Brazil, Russia, India and China (BRIC) stock markets. Also, the paper investigates the volatility spillover and the dynamic conditional correlation between crude oil, US stock index and stock indices of GCC and BRIC countries. The results prove a high degree of volatility persistence in the crude oil and stock markets. Based on the BEKK-GARCH and DCC-GARCH results, the paper finds strong evidence of the contagion effect of the oil shock and US financial crisis of 2008 on GCC and BRIC stock markets.
Design/methodology/approach
In the beginning, the paper uses univariate GARCH models to estimate the volatility persistence of the oil market, US stock market, and GCC and BRIC stock markets. Then, the paper uses a trivariate BEKK-GARCH model of Malik and Hammoudeh to examine the volatility spillover between oil market, US stock market and stock markets for GCC and BRIC countries. Finally, the paper analyses the dynamic conditional correlation between US market and each stock market of GCC and BRIC countries using the DCC-GARCH model. Also, the paper estimates the dynamic conditional correlation between oil market and all stock markets.
Findings
The results indicate the contagion effect of the oil shock and US financial crisis of 2008 on the GCC stock markets which are among the most important oil-exporting countries and also on BRIC stock markets which are among the emergent countries which are characterized by high economic growth level.
Originality/value
The contribution of this paper is to investigate the existence of contagion effect between oil market, US stock market and two panels of emerging stock markets which have different economic characteristics, the GCC and BRIC countries, during the oil shock and US financial crisis period of 2008-2009.
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This paper aims to investigate the current status of research output published in open access (OA) journals from Brazil, Russia, India, China and South Africa (BRICS) countries…
Abstract
Purpose
This paper aims to investigate the current status of research output published in open access (OA) journals from Brazil, Russia, India, China and South Africa (BRICS) countries from 2010 to 2019 and compare their performances in terms of OA research output.
Design/methodology/approach
Papers contributed by the researchers of BRICS countries were searched using an advanced search option in the Web of Science core collection database. The retrieved results were restricted to the “journal articles” published in the “English language” during the time period of 2010 to 2019. After that, the selected papers were again refined by using the “open access” section to identify the research output of BRICS countries published in OA journals.
Findings
Total 2,219,943 papers were published from BRICS countries, out of which 402,199 articles were published in OA journals and South Africa has published the highest number of research output in OA journals (31%). Although, there has been a constant increasing growth of research output published in OA journals in BRICS countries from 13,300 papers in 2010 to 82,310 articles in 2019. Engineering and Technology have published the maximum number of papers in OA journals. Researchers of BRICS countries mostly contributed their OA research output in journals published from the USA and Scientific Reports (UK) is identified as one of the leading OA journals. Additionally, among all the BRICS countries, China is found as the promising leader in terms of OA journals publications, the maximum share i.e. 71.25 per cent of total 402,199 OA journal publications have been produced by the highest number 137 (23.41%) of institutions of China and Chinese Academy of Sciences (China) is leading institution with 39,036 papers published in OA journals.
Research limitations/implications
This study is limited to BRICS countries, but it offers theoretical implications for extending its scope to different countries. This study may be used for raising awareness of OA among researchers of BRICS countries and encouraging them to contribute their research work in OA journals. The findings of this study are useful and meaningful in understanding the comparative status of research across countries, disciplines, journals and institutions.
Originality/value
This is the first study in BRICS countries focusing on the research output published in OA journals.
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Feng Jiang, Chaofan Chen, Qingxin Lan and Zhaoyi Zhu
The purpose of this paper is to analyze whether China's exports can effectively improve the global competitiveness of other BRICS countries' exports from the perspective of…
Abstract
Purpose
The purpose of this paper is to analyze whether China's exports can effectively improve the global competitiveness of other BRICS countries' exports from the perspective of intra-BRICS export trade.
Design/methodology/approach
This paper extends the multinational trade model and analyzes the mechanism of the technological upgrading effect from the perspective of dynamic general equilibrium theory. In addition, this paper uses the export panel data of 217 products with three-digit SITC codes from China to other BRICS member countries from 2000 to 2016 and constructs a dynamic empirical model for parameter estimation.
Findings
The results show that China's exports to other BRICS member countries can effectively promote the technological improvement of other BRICS member countries' export products. In particular, the formal establishment of the BRICS organization in 2010 has significantly improved the efficiency of China's export technology optimization.
Originality/value
In the background of the prevalence of anti-globalization and the proliferation of protectionism, this paper proves that the deepening of trade cooperation between other BRICS members with China can help optimize their own international trade competitiveness and allow China's development dividend to benefit more countries and people.
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Golam Mostafa and Monowar Mahmood
This paper attempts to assess the economic growth prospects of the BRICS countries and their potential ability to challenge and overtake the G7 countries. Specifically, the…
Abstract
Purpose
This paper attempts to assess the economic growth prospects of the BRICS countries and their potential ability to challenge and overtake the G7 countries. Specifically, the purpose of this paper is to answer the following question: Do the BRICS represent a tangible economic threat to surpass the G7, and if so, how?
Design/methodology/approach
The authors adopt a qualitative research method based on secondary data sources, such as journal publications, reports published by international organizations, and newspaper and magazine articles. Data from these different sources is compiled and presented in tabular form to provide logical support to the arguments.
Findings
Based on the data analysis, the authors conclude that the BRICS have the potential to overtake the G7 in the long run. However, this objective is not likely to be as easy as presumed by economists, since a number of factors and uncertainties may deter the growing economic power and influence of the BRICS.
Originality/value
At present, there is hardly any study or research in the available literature that compares these two blocs of countries. Hence, this comparative study will contribute significantly toward the advancement of future comparative economic studies.
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Amaya Erro-Garcés and Irene Aranaz-Núñez
This research aims to conduct, to the best of our knowledge, the first systematic review of the implementation of Industry 4.0 in BRICS. This review facilitates the identification…
Abstract
Purpose
This research aims to conduct, to the best of our knowledge, the first systematic review of the implementation of Industry 4.0 in BRICS. This review facilitates the identification of main factors that affect the readiness to adopt Industry 4.0 in BRICS and the role of different agents, such as multinationals, the public sector or educative institutions.
Design/methodology/approach
Key publications published from 2010 to 2019 have been analysed. A total of 61 papers have been selected from the systematic review.
Findings
Three factors of convergence of BRICS to developed economies in terms of Industry 4.0 are identified: (1) the public initiatives that can also result in the attraction of talent from developed countries to BRICS; (2) the role of multinationals and (3) the implication of educational institutions.
Research limitations/implications
This review has some limitations. First, some grey literature, such as reports from non-governmental organisations and front-line practitioners' reflections, were not included. Second, only research studies in English were reviewed
Practical implications
The heterogeneity of BRICS amongst themselves affects the implementation of Industry 4.0 policies. Therefore, public policies should differ among countries to achieve the different readiness of companies within each country. Industry 4.0 cannot be understood as a manufacturing strategy against delocalisation, as emerging countries, such as BRICS, are also aware of the potential of automation.
Originality/value
Based on a systematic review, this article shows that the strategy created by Germany to increase industrial productivity has been also introduced in BRICS countries as a critical factor to improve their competitiveness.
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Carolina Macagnani dos Santos, Luiz Eduardo Gaio, Tabajara Pimenta Junior and Eduardo Garbes Cicconi
The purpose of this paper is to investigate whether the relationship of interdependence and contagion between BRICS countries and emerging non-BRICS countries is similar to that…
Abstract
Purpose
The purpose of this paper is to investigate whether the relationship of interdependence and contagion between BRICS countries and emerging non-BRICS countries is similar to that observed between developed countries and emerging BRICS countries.
Design/methodology/approach
The authors analyzed 15 markets: 5 BRICS, 5 developed (USA, Japan, Germany, England and France) and 5 emerging markets (Mexico, Indonesia, Turkey, Iran and Poland). Based on the time series of returns of the main stock indexes of each country, referring to the period from 2008 to 2018, the authors applied Granger causality tests, vector auto-regression and the dynamic conditional correlation-GARCH model.
Findings
The results led to the rejection of the main hypothesis and showed adherence to the behaviors predicted in the literature for the relations between the groups of markets.
Originality/value
This paper, besides analyzing the interdependence between markets in times of crisis, analyzes the effect of contagion between developed and emerging markets.
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