New insights into the poverty-economic development nexus: evidence from Brics

Abstract EN

The economic growth of the BRICS countries is heavily influenced by poverty-the first united nations sustainable development goal (UN SDG1).

sustainable development emerged in 1972 to meet the needs of the present without compromising the ability of future generations to meet their needs.

the study pursues the effects of social transformations and negative phenomena; such as poverty, illiteracy, trade openness, unemployment and health all these challenges urge quick management to accelerate sustainable development.

within the overall objective of achieving sustainable development, the development issue is, therefore, subject to further analysis and study.

this research aims to capture the nexus between poverty and economic growth in BRICS countries from 1998-2021, based on panel data analysis.

an auto-regression distributed lag model (ARDL) bounds testing approach has been employed to assess the long-term impact on the countries' economic growth.

results show that most of the variables are significant, while trade openness was not a major factor in determining and analyzing the impact of economic development in the BRICS.

finding highlights that despite significant advancements in the social metrics that assess poverty, no social outcomes in the nations can be related to belonging to a particular group.

the social issue has traditionally been linked to the expansion of national states and is a component of the political institutionality of national settings.

in addition, addressing social challenges requires influencing organizational frameworks through reasonable public policies.