THE EFFECT OF EXPORT, FOREIGN DIRECT INVESTMENT AND CURRENT ACCOUNT BALANCE ON GDP IN BRICS COUNTRIES

Abstract: The present research endeavors to examine the effects of exports, FDI, and CAB on the GDP of the BRICS nation. The study employs a thorough empirical analysis to investigate the dynamic interactions among these factors, with data spanning from 2003 to 2022. The results show that Exports (EXP01) are the most important positive driver of GDP growth in the BRICS nations, according to the correlation research (r=0.979), highlighting their vital significance in economic progress. The somewhat negative correlation (r=-0.532) between FDI and GDP points to inefficiencies in the leverage of foreign investments. Maintaining a strong trade and financial position is crucial, as evidenced by the Current Account Balance (CAB), which shows a somewhat positive association (r=0.653). In these economies, increasing exports and FDI utilization stand out as crucial tactics for long-term success. Keywords: GDP, BRICS, FDI, Exports, CAB. Title: THE EFFECT OF EXPORT, FOREIGN DIRECT INVESTMENT AND CURRENT ACCOUNT BALANCE ON GDP IN BRICS COUNTRIES Author: Arooba Shoaib International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 12, Issue 2, October 2024 - March 2025 Page No: 125-133 Research Publish Journals Website: www.researchpublish.com Published Date: 30-December-2024 DOI: https://doi.org/10.5281/zenodo.14576029 Paper Download Link (Source) https://www.researchpublish.com/papers/the-effect-of-export-foreign-direct-investment-and-current-account-balance-on-gdp-in-brics-countries