Title: A study of macroeconomic effects on the growth of BRICS: a systematic review

Authors: Sukhmani Kaur; Shalini Aggarwal; Vikas Garg

Addresses: Chandigarh University, NH-95, Ludhiana – Chandigarh State Hwy, Punjab 140413, India ' Chandigarh University, NH-95, Ludhiana – Chandigarh State Hwy, Punjab 140413, India ' Amity University, Greater Noida Campus, India Plot No.48 A, Knowledge Park III, Greater Noida, Uttar Pradesh 201308, India

Abstract: The purpose of this paper is to synthesise the existing literature on study of macroeconomic variables on the economic growth of BRICS countries in a systematic manner, where GDP has been proxied as measure of economic growth; to study the macroeconomic variables affecting the stock market of BRICS nations through content analysis. Systematic literature review (SLR) has been carried out in line with the five-step process as formulated by Rowley and Slack (2004). The paper has largely contributed in terms of naming the major causative authors, some of the high-ranking journals, types of data and nation-wise input for the macroeconomic variables and growth of BRICS countries. Further, the results also highlighted the experiential in nature of these studies. Further, the study addressed the prevailing gaps that confine the influence of macroeconomic variables and restrict the growth of BRICS countries. Hence the literature is accordingly proposing directions for future research.

Keywords: BRICS; macroeconomic variables; GDP; systematic review.

DOI: 10.1504/IJEPEE.2023.134805

International Journal of Economic Policy in Emerging Economies, 2023 Vol.18 No.1, pp.57 - 81

Received: 14 Jan 2021
Accepted: 10 Apr 2021
Published online: 13 Nov 2023 *