Relationship between Exports and the BRICS Countries’ Gross Domestic Product: A Bayesian Vector Autoregression Approach for the Period 1978–2016

José Antonio Núñez Mora () and Leovardo Mata Mata ()
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José Antonio Núñez Mora: Tecnologico de Monterrey
Leovardo Mata Mata: Tecnologico de Monterrey

Chapter Chapter 16 in Business Governance and Society, 2019, pp 271-280 from Springer

Abstract: Abstract This chapter analyzes the relationship between the exports and the Gross Domestic Product (GDP) of Brazil, Russia, India, China and South Africa (BRICS). The purpose is to measure the cumulative average effect that the exports of these countries have had on their economic growth. At this point, the relationship between China and Brazil stands out, since the Asian giant’s exports to Brazil have contributed, to a greater extent than Brazil’s exports to China, to economic growth. Two estimation procedures are used for comparative purposes: a traditional VAR model and a Bayesian VAR model. This Bayesian approach offers superior goodness of fit.

Keywords: BRIC Countries; Economic growthEconomic Growth Rate; BVAR Model; Impulse-response Function; United Nations Comtrade Database (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-94613-9_16

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DOI: 10.1007/978-3-319-94613-9_16

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