Published Online:January 2026
Product Name:The IUP Journal of Applied Economics
Product Type:Article
Product Code:IJAE040126
DOI:10.71329/IUPJAE/2026.25.1.64-78
Author Name:Ashmita Kesar
Availability:YES
Subject/Domain:Economics
Download Format:PDF
Pages:64-78
The study examines the relationship between control of corruption, political stability, and economic growth in BRICS economies from 1996 to 2023 using a cross-sectional autoregressive distributed lag (CS-ARDL) model. The results confirm that control of corruption supports the “sand the wheels” hypothesis, and political stability demonstrates a positive effect on growth in the long run, whereas in the short run, it suggests complex adjustment dynamics. The result of the control variables also shows a constructive and significant relationship with economic growth. In the long run, trade openness, government effectiveness and population showed a constructive and significant association with economic growth in BRICS countries. Also, country-specific analysis validates these findings. The findings suggest that BRICS economies should prioritize anti-corruption efforts, implement transparent governance structures, and foster investment to achieve sustainable economic development.
The concept of BRICS (Brazil, Russia, India, China and South Africa) emerged amid widespread economic optimism and enthusiasm. Goldman Sachs (2001) predicted that these economies are a collective powerhouse, worthy of financial attention and investment