The purpose of this empirical study is to examine the potential effects of the BRICS on other nations’ economic growth over the period 1960-2013. This investigation deploys the Saikkonen and Lütkepohl 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 BRICSs 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.
Digital Object Identifier (DOI)
"On the Effects of the BRICS on World Economic Growth,"
Journal of Statistics Applications & Probability: Vol. 6
, Article 17.
Available at: https://dc.naturalspublishing.com/jsap/vol6/iss2/17