Sustainable Development in Brics: Governance Challenges and Corruption’s Role Uncovered Through Panel Data
DOI:
https://doi.org/10.26905/icgss.v9i1.15758Keywords:
Sustainable Development, Governance, Corruption, BRICS countriesAbstract
This study analyzes how governance and corruption affect sustainable development in BRICS countries (Brazil, Russia, India, China, and South Africa) from 2002 to 2015, using a Panel ARDL approach. The analysis is conducted through three models that assess sustainable development as a function of corruption, economic growth, governance, trade, and population. The findings reveal that corruption and governance consistently exert a significant negative impact on sustainable development in the long run across all three models, suggesting that weak governance structures and high levels of corruption hinder sustainable development in the BRICS countries. In contrast, economic growth positively influences sustainable development, indicating that higher growth rates may contribute to improved environmental, economic, and social sustainability in these economies. These findings suggest that BRICS countries should focus on strengthening governance and reducing corruption to support sustainable development. Anti-corruption initiatives and stronger institutions are essential, as is promoting economic growth that aligns with sustainability goals. By implementing reforms that improve governance and create accountable structures, BRICS countries can foster a more sustainable growth path.
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