IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxxiy2024i3(640)p99-118.html
   My bibliography  Save this article

Dynamics of the interplay between economic complexity, governance and economic growth in the BRICS countries: a panel GMM approach

Author

Listed:
  • Samir Ul HASSAN

    (NMIMS University, India)

  • Joel BASUMATARY

    (Bharathidasan Government College for Women, India)

  • Biswambhara MISHRA

    (North Eastern Hill University, India)

Abstract

This study tried to understand how economic complexity can unravel economic growth, resisting resource curse phenomena within the dynamics of governance factors in the BRICS countries. We used the panel GMM model for the period 1996 to 2022. We employed Arellano and Bover's (1995) GMM method for dynamic panel data estimation. Further, we used the Wald test to identify endogeneity. The results show that natural resources are a robust driver of economic growth, while the economic complexity index is pivotal in enhancing economic growth in the BRICS countries. Governance quality encompassing political stability, regulatory quality, rule of law, and control of corruption, exerts substantial influence on economic growth. While resource rents can determine economic growth, robust outcomes depend on economic complexity and the quality of governance of an economy in the context of the BRICS economies.

Suggested Citation

  • Samir Ul HASSAN & Joel BASUMATARY & Biswambhara MISHRA, 2024. "Dynamics of the interplay between economic complexity, governance and economic growth in the BRICS countries: a panel GMM approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(640), A), pages 99-118, Autumn.
    • Handle: RePEc:agr:journl:v:xxxi:y:2024:i:3(640):p:99-118
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1768.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1768&rid=156
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxxi:y:2024:i:3(640):p:99-118. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.