The Relationship Banking Stability, Exchange Rate, Foreign Direct Investment and Economic Growth in BRICS Countries: A Panel Data Evidence

Rohima, Siti (2024) The Relationship Banking Stability, Exchange Rate, Foreign Direct Investment and Economic Growth in BRICS Countries: A Panel Data Evidence. Journal Economic Insights, 13 (3). pp. 103-117. ISSN 2356-2439

Text The Relationship Banking Stability, Exchange Rate, Foreign Direct Investment and Economic Growth in BRICS Countries A Panel Data Evidence.pdf - Published Version Download (511kB)

Abstract

Abstract: This study aims to analyze the effect of banking stability, exchange rates, and external debt on economic growth in BRICS countries (Brazil, Russia, India, China, and South Africa) during the period 2011-2020. The data used in this study is panel data from five BRICS countries, obtained from the International Monetary Fund (IMF) and the World Bank. The method used is a panel data regression model using the Fixed Effect method. This model makes it possible to account for the fixed effects of time as well as the fixed effects of individual states in regression analysis. The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries. On the other hand, exchange rates and external debt have a significant positive impact on economic growth. These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries. The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries. On the other hand, exchange rates and external debt have a significant positive impact on economic growth. These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance > HG1501-3550 Banking #3 Repository of Lecturer Academic Credit Systems (TPAK) > Reviewer of Journal/Conference
Divisions:	01-Faculty of Economics > 60201-Development Economics (S1)
Depositing User:	Dr Siti Rohima, SE, M.Si
Date Deposited:	12 Jul 2024 04:20
Last Modified:	12 Jul 2024 04:20
URI:	http://repository.unsri.ac.id/id/eprint/149911

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