Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)

<Previous Article In Volume
Next Article In Volume>

BRICS Nations: A Financial Dynamics of International Trade of India with Human Capital and Labor Markets

Authors
Ravindra Kumar1, *, Om Prakash Verma2, Pavnesh Kumar3, H. S. Bhatiya4
1Department of Management Sciences, Mahatma Gandhi Central University, Bihar, India
2Department of Commerce, Govt. V.Y.T PG. Autonomous College, Hemchand Yadav University, Durg, Chhattisgarh, India
3School of Management Studies (SOMS), IGNOU, New Delhi, India
4Govt. Rani Suryamukhi Devi College, Chhuriya, Chhattisgarh, India
*Corresponding author. Email: ravindra2019bbau@gmail.com
Corresponding Author
Ravindra Kumar
Available Online 31 December 2024.
DOI
10.2991/978-94-6463-612-3_5How to use a DOI?
Keywords
Human Capital; COVID-19; BRICS Nations; VAR; Labor force; International trade
Abstract

In this research paper, authors have been examined the causal relationship between human capital and economic factors in BRICS Nations. The authors have used data from 1997 to 2020 and a panel vector autoregressive model from the BRICS Nations. The gross domestic product (GDP), imports, exports, and foreign direct investment (FDI) are among the economic elements taken into account. Using a vector autoregressive (VAR) model, the study compares Russia, India, China, Brazil and South Africa. In China, the results show a bidirectional causal relationship between FDI and human capital, whereas in Brazil, there is a unidirectional relationship between FDI and human capital. Furthermore, in South Africa, Brazil, Russia, and India, there is a one-way causal relationship between GDP and human capital. By concentrating on economic growth, foreign direct investment, and trade, policymakers should guarantee ongoing investment in human capital.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2024
ISBN
978-94-6463-612-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-612-3_5How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ravindra Kumar
AU  - Om Prakash Verma
AU  - Pavnesh Kumar
AU  - H. S. Bhatiya
PY  - 2024
DA  - 2024/12/31
TI  - BRICS Nations: A Financial Dynamics of International Trade of India with Human Capital and Labor Markets
BT  - Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)
PB  - Atlantis Press
SP  - 53
EP  - 63
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-612-3_5
DO  - 10.2991/978-94-6463-612-3_5
ID  - Kumar2024
ER  -