Blue Economy and Health Sector Outcomes as a Drivers of Economic Development in BRICS Countries

Umaru Musa; Ugeh; Richard Angioha; Okon Lydia Effiong; Udoh; Christiana Bassey; Ukut; Nse-Abasi Lewis.

doi:10.56201/jbae.vol.11.no11.2025.pg15.30

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Blue Economy and Health Sector Outcomes as a Drivers of Economic Development in BRICS Countries

Umaru Musa, Ugeh, Richard Angioha, Okon Lydia Effiong, Udoh, Christiana Bassey, Ukut, Nse-Abasi Lewis.

Abstract

This study examined the blue economy, health sector outcomes on economic development in BRICS nations. The panel data were collected from world development indicator and Central bank of Nigeria respectively, covering 4 years span from 2021 to 2024 were used. The expost factor research design was used for this work. The study employed the econometric estimation of generalize method of moment model were used for the analysis, adopting panel data method of analysis. The estimated result shows a positive but statistically insignificant relationship between Agriculture, Forestry, and Fishing (AFF) and economic development. The coefficient suggests that a 1% increase in A...

Keywords

Blue EconomyHealth Sector OutcomesEconomic DevelopmentBRICS CountriesPanel DataGMM Model

References

Salem, S. B. (2025). The nexus of blue economy, green finance, and energy: Evidence from marine-economy indices. MF Journal - Marine & Fisheries Journal, 1(1), 1-15. Seddighi, H., et al. (2020). Health systems efficiency in the Eastern Mediterranean Region: A Data Envelopment Analysis. Cost Effectiveness and Resource Allocation, 18, 23. University of Pretoria. (2023). BRICS in the maritime domain: Scoping review. University of Pretoria Press. Vreÿ, F. (2017). A Blue BRICS, maritime security, and the South Atlantic. Centre for International Maritime Security. Wanke, P., Tan, A. Y., & colleagues. (2019). Financial performance drivers in BRICS healthcare sector. University of Huddersfield & Getulio Vargas Foundation. World Bank & United Nations Department of Economic and Social Affairs. (2017). The Potential of the Blue Economy: Increasing Long-term Benefits of the Sustainable Use of Marine Resources for Small Island Developing States and Coastal Least Developed Countries. World Bank. SD Knowledge Platform World Bank. (2024). Making Waves: World Bank Support for the Blue Economy, 2012-23. Independent Evaluation Group. Washington, DC...

Blue Economy and Health Sector Outcomes as a Drivers of Economic Development in BRICS Countries

Abstract

Keywords

References

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