Panel data analysis reveals foreign direct investment and political stability boost international trade in BRICS+ nations, indicating key economic development strategies.
This study employs panel data analysis to investigate the impact of political stability and foreign direct investment (FDI) on international trade in Türkiye and the BRICS+ countries, comprising Brazil, Russia, India, China, the Republic of South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates. Analyses of data from the World Bank database from 2002 to 2022 reveal that political stability and FDI significantly impact trade volume, trade balance, and overall economic performance in Türkiye and the BRICS+ countries. Specifically, the study found that FDI has a positive impact on international trade in countries with high political stability. The study emphasises the importance of ensuring political stability and encouraging foreign investment in the economic development strategies of BRICS+ countries and Türkiye.
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Bardakçı et al. (2025) studied this question.
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