Socioeconomic Productive Capacity and Renewable Energy Development: Empirical Insights from BRICS

Due to the depletion of fossil fuels, empirics began looking at factors that might encourage investment in renewable energy. Socioeconomic productivity can energy development by encouraging authorities, businesses, and families rely more on sources. Therefore, this analysis is first-ever effort detect impact socioeconomic development. We have used panel ARDL QARDL examine estimates. The results model predict national income, financial development, productive capacity index, human capital, ICT, institutional quality, structural changes are beneficial for long run. In short run, only ICT promote Likewise, estimates index However, integrating assets, entrepreneurial skills, industrial connections, policymakers must work boost potential.