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ZENODO
Other literature type . 2026
License: CC BY
Data sources: ZENODO
ZENODO
Other literature type . 2026
License: CC BY
Data sources: Datacite
ZENODO
Other literature type . 2026
License: CC BY
Data sources: Datacite
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THE ROLE OF GREEN INVESTMENTS IN DIVERSIFYING RESOURCE-DEPENDENT ECONOMIES: EVIDENCE FROM BRICS+ COUNTRIES

Authors: Ikramova, Ziynat; Umarova, Shoira;

THE ROLE OF GREEN INVESTMENTS IN DIVERSIFYING RESOURCE-DEPENDENT ECONOMIES: EVIDENCE FROM BRICS+ COUNTRIES

Abstract

This paper investigates the role of green investments in diversifying resource-dependent economies, specifically focusing on the expanded BRICS+ bloc, within the context of the global energy transition. To evaluate the concentration of commodity exports, the Herfindahl-Hirschman Index (HHI) was calculated alongside the UNCTAD Product Complexity Index (PCI) to capture structural shifts. Utilizing data from the World Bank and the International Energy Agency (IEA), a dynamic panel data regression analysis (Pooled OLS and Fixed Effects models) was conducted for the 2010–2025 period. The econometric results indicate that green investments directed toward renewable energy sources (RES) stimulate non-resource exports and mitigate resource dependency over the long term. Concluding the study, actionable policy recommendations are proposed to enhance the Strategic Foreign Economic Activity (FEA) framework of the Republic of Uzbekistan.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average