مجلة الدراسات المالية والمحاسبية والإدارية
Volume 12, Numéro 2, Pages 82-106
2025-12-31
Digital Twins, Green Manufacturing, And The Bioeconomy: Brics’ Paradigm Shift Toward Decarbonized, Resource-efficient Industrial Ecosystems"
Authors : Elahi Muhammad Mohsin . Dil Sher . Mehdi Muhammad Tahir .
Abstract
This study investigates the intricate relationship between industrial production, human development, and sustainable resource management in BRICS countries from 1996 to 2023, utilizing the MG-ARDL estimation technique. The findings position industrial production as a key catalyst for natural resource rents (TNRR), driving economic outcomes while highlighting the need for balanced growth. Human development emerges as a transformative force, enhancing the efficiency of resource use and promoting long-term sustainability. Green energy technologies stand out as a pivotal factor in reducing reliance on finite resources, signaling a gradual transition to renewable solutions and reinforcing environmental resilience. Economic growth and trade openness further amplify resource-driven revenues, showcasing their potential to harness natural wealth for broader development goals. Conversely, population growth exerts a consistent downward influence on TNRR, reflecting demographic pressures on sustainability. CO2 emissions present complex challenges, requiring targeted policies to mitigate their dual economic and environmental impacts. The study reveals a robust capacity for BRICS nations to swiftly correct resource imbalances, emphasizing the synergy between economic strategies and environmental stewardship. These findings provide actionable insights for policymakers, urging them to align industrial expansion with green innovation and human capital development to achieve a sustainable balance between economic growth and resource conservation.
Keywords
Industrial Production ; Human Development ; Sustainable Resource Management ; BRICS
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