Do BRICS Have Similar Disaggregated Trade Patterns with Different Regions?

Farkhondeh Jabalameli and Ehsan Rasoulinezhad ()
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Ehsan Rasoulinezhad: Faculty of World Studies, University of Tehran, Tehran 1417466191, Iran

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2019, vol. 14, issue 2, 302-328

Abstract: This is the first study attempting to investigate the patterns of BRICS' imports and exports with five United Nations regional groups: the African, Asia-Pacific, Eastern European, Latin American and Caribbean, and Western European and Others. A panel data gravity trade model with series from 2001 to 2016 was used to estimate the gravity variables in the models. The main results provide evidence that reinforced the dissimilarities in the foreign trade patterns of BRICS with these five regional groups. The econometric results substantiated that BRICS' foreign trade patterns are sensitive to changes in the economies of trading partners from the more developed regions. This is evidence for stronger economic ties between BRICS and the more developed regions such as Western Europe and Asia-Pacific. It also reveals the trade convergence of BRICS in these developed regions.

Keywords: BRICS; foreign trade pattern; disaggregated trade data; gravity model (search for similar items in EconPapers)
JEL-codes: C21 C23 F10 F14 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:fec:journl:v:14:y:2019:i:2:p:302-328

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