Macroeconomic indicators affect the NEET: A panel data analysis for BRICST countries<sup></sup>

The study examines the impact of real GDP per capita (GDP), inflation rate (INF), the share of education expenditure in GDP (EDU), and the proportion of wage and salaried workers in total employment (WAGE) on NEET rates in Brazil, Russia, India, China, South Africa, and Türkiye (BRICST) from the data 1999 to 2023 using the Augmented Mean Group Estimator. According to the test results, a 1% increase in GDP reduces NEET rates by 0.008% and 0.0009% in India and China, respectively. A 1% increase in INF increases NEET rates in Russia and India by 0.029% and 0.424%, respectively. A 1% increase in EDU reduces NEET rates in Russia and Turkey by 2% and 7%, while in China, Brazil and South Africa, NEET rates are increased by 9%, 3% and 0.003%, respectively. A 1% increase in WAGE reduces NEET rates by 0.5% in Russia and 0.11% in South Africa. However, a 1% increase in WAGE in India increases NEET rates by 1.2%. The study reveals that macroeconomic indicators are valuable tools for producing NEET policies in BRICST.