Abstract
Despite the recognized significance of natural resources for economic development, many resource-rich nations struggle to realize their potential, creating a dichotomy in the literature. This study dissects the role of natural resources in fostering sustainable commerce in BRICS nations from 1988 to 2021, a novel exploration incorporating significant control variables such as digitalization, research and development, and GDP. By utilizing panel data from 1988 to 2021, we employ appropriate panel data econometrics techniques to explore long-term relationships. Our findings reveal that while minerals and natural resource rents positively influence sustainable trade, oil rents impede it. Digitalization and economic growth also emerge as key facilitators, whereas renewable energy expenditure negatively affects sustainable trade in the long run. This study provides pivotal insights into the complex dynamics between natural resources and sustainable trade, guiding policy recommendations for optimizing economic outcomes in resource-rich economies.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
