On the Effects of the BRICS on World Economic Growth

Mpho Bosupeng

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this empirical study is to examine the potential effects of the BRICS on other economies’ economic growth over the period 1960-2013. This investigation deploys the Saikkonen and Lu ̈tkepohl cointegration methodology to validate long run relations between Brazil and China’s economic growth and other nation’s output growth. The study further uses the Toda and Yamamoto approach to Granger causality to examine long run causal links between the BRICS economic growth. The results show that all countries exhibit long run relations with China and Brazil’s economic growth. In addition, the results prove that Brazil’s economic growth is induced by South Africa, China and India’s economic growth.

Keywords: economic growth; BRICS; developing economies; economic integration. (search for similar items in EconPapers)
JEL-codes: F02 (search for similar items in EconPapers)
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-gro and nep-int
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Citations: View citations in EconPapers (1)

Published in Journal of Statistics Applications & Probability 6.2(2017): pp. 429-439

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:81757

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