Corruption and Economic Growth in the BRICS: An Empirical Analysis
This paper investigates the relationship between corruption and economic growth in Brazil, Russia, India, China and South Africa; collectively known as the BRICS. Given the rapid rise of the BRICS and the international spotlight placed on them, this research study aims to explore the effect corruption has on the GDP growth of the states. To do this, a time-series analysis is conducted on each of the five states in order to analyze corruption’s effect on the individual countries. It is found that corruption only holds significance in Brazil and Russia, however, whilst there appears to be an inverse relationship between corruption and growth in Brazil, there is a positive correlation between the two in Russia.