EconPapers    
Economics at your fingertips  
 

Influence of trade liberalization and digital trade on material footprint in the BRICS region

He Yingchao and Yijun Xiang

Resources Policy, 2024, vol. 88, issue C

Abstract: Resource efficiency (REF) is essential in designing a sustainable climate policy. Environmental susceptibility and resource deficiency instigate the economies worldwide on how to maintain and identify the factors of REF. Although numerous studies explore the determinants of sustainable resource management, scant attention has been given which integrates and evaluating its linkage with trade liberalization (TL), digital trade (DT), and technology innovations (TI). In this dimension, our study scrutinizes the influence of TL, DT, and TI on REF in BRICS economies using the annual data from 2005 to 2021. Besides, economic prosperity (GDP) and industrial value addition (IVA) are included as control variables to enhance the model's performance. For empirical assessment, the study employs the cross-sectional autoregressive distributed lag (CS-ARDL) technique to address the issues of cross-section dependency and slope heterogeneity. The model's findings reveal that TL, DT, and TI are the significant factors of REF in reducing the resource footprint; however, GDP and IVA decrease the REF by spurring resource consumption. In addition, the findings are echoed through alternative panel estimators. The overall outcomes provide result-based recommendations to the policymakers that they should promote digital transformation and technological enhancements in international trade policy to achieve resource sustainability.

Keywords: Resource efficiency; Digital trade; Natural resources; Trade liberalization; BRICS (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723010851
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:88:y:2024:i:c:s0301420723010851

DOI: 10.1016/j.resourpol.2023.104374

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:jrpoli:v:88:y:2024:i:c:s0301420723010851