A Study of Macroeconomic Effects on the Growth and Sustainability of BRICS Countries

Abstract

The variables of Macroeconomics act as key indicators or major signals newlineportraying the present trends in the environment of economy. Macroeconomics newlinevariables are the evaluation of the nation s economies unanimously. Macroeconomics newlinevariables are a parameter that reflects the periodic stir of economic trends of a nation s newlineeconomy over a period of time. Hence the government, acts as all other major experts newlineof macroeconomics, in order to understand the scenario with a keen eye (Abel and newlineEberly, 1996 and Serven, 2003). With changing world, where everything is changing newlineat the very fast phase, it is very important for an economy to keep their policies and newlinestrategies at par with changing world and for this it is important to upgrade the facts newlineand figures in order to upgrade the research. Hence, the current thesis explore the newlinemacroeconomic variables that impact the economic growth (GDP) and sustainability newlinedimension (Renewable energy consumption) of the BRICS countries. The current thesis newlinecomes up with four definite research objectives which as follows. newlineThe first goal of this research is to synthesise the prevailing research literature newlineon the Economic Growth of BRICS Countries where Microeconomic variables are newlinesimilar and the GDP is taken as proxied to quantity the economic growth. The study newlinealso targets on the influence of microeconomic variables on the financial stock market newlineof BRICS Nations. The complete content analysis has been done to elaborate the newlineresearch gaps and also to provide the road map for future research. The systematic newlineliterature review (SLR) was completed in accordance with Rowle newline