Innovation Role in Driving Sustainable Industrial Development: Evidence from BRICS

Salah, Amany; Abo Elnasr, Salah Ali

doi:10.21608/aja.2024.283380.1628

Innovation Role in Driving Sustainable Industrial Development: Evidence from BRICS

نوع المستند : بحوث باللغة الإنجلیزیة

المؤلفون

Amany Salah ¹
Salah Ali Abo Elnasr ²

¹ Higher Obour institutes for management & informatics

² Vice Dean of the Faculty of Commerce - University of Arish

10.21608/aja.2024.283380.1628

المستخلص

This study aims to explore the role of technological innovation in supporting the sustainability of industrial development in the BRICS countries. To achieve this, the study used panel data for the five BRICS countries (China, India, Brazil, Russia, and South Africa) over the period 2007-2023, for a total of 80 annual observations. To express sustainable industrial development, the study focused on the ninth Sustainable Development Goal (SDG) called “Industry, Innovation, and Infrastructure” through three main dimensions: developing economic competitiveness, creating shared prosperity, and protecting the environment. This resulted in five indicators that provide an overall view of the sustainability of the industrial sector. The study also relied on the Global Innovation Index to express the level of technological innovation. The study used the panel data fixed effects approach, and the most important results it reached were the ability of the industrial sector in BRICS countries to increase the competitiveness of the economy by increasing the share of industrial value added in the GDP. However, this increase is in favor of traditional industries compared to advanced technological industries, as a result of the relatively low originality of patents in BRICS countries compared to developed countries. These innovations also support the creation of shared prosperity by providing equal opportunities for all with a fair distribution of benefits, as the industrial sector supports increasing the productivity of industrial labor and thus their share of industrial value added through the transformation of the industrial sector from a labor-intensive sector to a technology-intensive sector.

الكلمات الرئيسية