Low-income countries’ linkages to BRICS: Are there growth spillovers?

Issouf Samake and Yongzheng Yang

Journal of Asian Economics, 2014, vol. 30, issue C, 1-14

Abstract: This paper employs a global vector autoregression (GVAR) model to investigate business cycle transmission from BRICS (Brazil, Russia, India, China, and South Africa) to LICs through trade, FDI, technology, and exchange rates channels. Trade and financial ties between low-income countries (LICs) and BRICS have expanded rapidly in recent years. This gives rise to the potential for growth to spill over from the latter to the former. The estimation results show that there are indeed significant direct spillovers from BRICS to LICs.

Keywords: Spillovers; Low-income countries; BRICS; Global VAR (search for similar items in EconPapers)
JEL-codes: C32 E17 F47 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:30:y:2014:i:c:p:1-14

DOI: 10.1016/j.asieco.2013.09.002

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