Determinants of economic growth in emerging economies Using cross-sectional time series models (Panel Data) "An analytical study on the BRICS Plus countries during the period (2000-2021)"

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The study aimed at testing the relationship between some macroeconomic variables (inflation rate / exchange rate / labor force / human capital / value added to the industrial sector / investment in information and technology) on economic growth in the BRICS Plus countries (Russia / India / Brazil /South Africa/Argentina/Egypt/Ethiopia/UAE/Saudi Arabia and Iran). Based on Panel Data models in the period from 2000 to 2021, the study concluded that there is a statistically significant relationship between these variables and the economic growth in the countries of this group during the study period. The results also showed that the most influential of these variables on economic growth is Human capital considering the huge population of these countries. Therefore, the study recommends that the group’s countries adopt joint policies based on the exchange of experiences to influence the common determinants of growth, especially human capital, to benefit from the vitality of the group’s demographic composition.

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