Energy Transition in BRICS Countries: The Role of Human Capital, Structural Transformation, and Institutional Quality: A Panel ARDL Approach
Mohamed Mabrouki
MPRA Paper from University Library of Munich, Germany
Abstract:
The BRICS economies (Brazil, Russia, India, China, and South Africa) represent a critical frontier in the global energy transition, balancing rapid economic development with pressing environmental imperatives. This study investigates the determinants of renewable energy adoption in BRICS countries from 2000 to 2022, employing a novel Panel ARDL methodology that addresses critical methodological gaps in existing literature. Using the Pooled Mean Group estimator and robust validation through Mean Group, Common Correlated Effects Mean Group, and Fixed Effects approaches, we analyze the synergistic effects of economic, structural, human capital, and institutional factors. Our findings reveal that gross fixed capital formation emerges as the most significant determinant, exhibiting a robust negative relationship with renewable energy share (coefficient: -0.172, p
Keywords: Energy; Transition; •; BRICS; Economies; •; Panel; ARDL; •; Technological; Lock-in; •; Human; Capital; •; Institutional; Quality; •; Structural; Transformation; •; Renewable; Energy (search for similar items in EconPapers)
JEL-codes: O57 (search for similar items in EconPapers)
Date: 2025-01-01
New Economics Papers: this item is included in nep-cis, nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126562
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