THE FDI, CORRUPTION, POLITICAL STABILITY AND DOMESTIC INVESTMENT INFLUENCE ON ECONOMIC GROWTH IN BRICS

Abstract

The achievement of the SDGs involves addressing various factors that helps alleviate poverty, promotes investment, stabilize economy, mitigate climate change risks and promotes economic development. These factors are pivotal in driving sustainable development in BRICS countries and are integral to achieving the overreaching goals of the SDGS. This study aims to examine the influence of corruption, political stability, foreign direct investment, and net exports on the economic growth of BRICS countries. Data were collected from the period of 2010 to 2020. Furthermore, the research hypotheses were tested using Panel least squares regression method. The results show that there is a negative impact of corruption on economic growth. The resultsfurther show that the impact of foreign direct investment, political stability and domestic investment is positive and significant. The significance of this research rests in the fact that it might be used by policymakers to investigate the effects of corruption and political instability on national development. More effective legal and higher standards for governmental regulation should be established, showing the possibility of promoting economic growth