Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5087325 | Journal of Asian Economics | 2014 | 14 Pages |
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.
Related Topics
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Authors
Issouf Samake, Yongzheng Yang,