A study on comparison of economic and scientific performances of BRICS countries

IF 1.9 Q2 ECONOMICS JOURNAL OF ECONOMIC STUDIES Pub Date : 2024-04-09 DOI:10.1108/jes-12-2023-0714

Hasan Tutar, Hakan Eryüzlü, Ahmet Tuncay Erdem, Teymur Sarkhanov

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Abstract

Purpose

This study investigates the correlation between economic development and scientific knowledge production indicators in the BRICS countries from 2000 to 2020, highlighting the importance of human resources, natural resources, and innovation. Addressing a gap in the existing literature, this study aims to contribute significantly to understanding this relationship.

Design/methodology/approach

Employing a descriptive statistical approach, this study utilizes GDP and per capita income as economic indicators and scientific data from WoS and SCOPUS databases, focusing on scientific document production and citations per document.

Findings

The analysis reveals a strong correlation between economic development and scientific performance within the BRICS nations during the specified period. It emphasizes the interdependence of economic progress and scientific prowess, underscoring that they cannot be considered independently.

Research limitations/implications

However, limitations exist, notably the reliance on specific databases that might not cover the entire scientific output and the inability to capture all factors influencing economic and scientific development.

Originality/value

Understanding this interdependence has crucial originality. Policymakers and stakeholders in BRICS countries can leverage these insights to prioritize investments in human capital development and scientific research. This approach can foster sustainable economic growth by reducing reliance on natural resources.

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关于金砖国家经济和科技表现比较的研究

目的本研究探讨了 2000 年至 2020 年金砖国家经济发展与科学知识生产指标之间的相关性，强调了人力资源、自然资源和创新的重要性。本研究采用描述性统计方法，将国内生产总值和人均收入作为经济指标，并利用 WoS 和 SCOPUS 数据库中的科学数据，重点研究科学文献的产量和每篇文献的引用情况。研究结果分析表明，在特定时期内，金砖国家的经济发展与科学绩效之间存在密切的相关性。研究局限性/影响然而，研究也存在局限性，特别是依赖于特定的数据库，可能无法涵盖全部科学产出，也无法捕捉影响经济和科学发展的所有因素。金砖国家的政策制定者和利益相关者可以利用这些见解，优先考虑对人力资本开发和科学研究的投资。这种方法可以减少对自然资源的依赖，从而促进可持续经济增长。

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来源期刊

JOURNAL OF ECONOMIC STUDIES ECONOMICS-

CiteScore

4.00

自引率

5.90%

发文量

期刊介绍： The Journal of Economic Studies publishes high quality research findings and commentary on international developments in economics. The journal maintains a sound balance between economic theory and application at both the micro and the macro levels. Articles on economic issues between individual nations, emerging and evolving trading blocs are particularly welcomed. Contributors are encouraged to spell out the practical implications of their work for economists in government and industry

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