{"title":"Integration effects in exports induced economic growth: evidence from extended ELG model in BRICS","authors":"T. Saji","doi":"10.1504/ijtgm.2021.10024844","DOIUrl":null,"url":null,"abstract":"This research aims to assess the competitiveness of BRICS nations and to investigate its effects on their export performance and economic growth. Our fixed-effects panel regression procedure proves the competitiveness effects on export performance, where the influence of terms of trade and relative profitability of exports are dominant. The export-led-growth (ELG) model seems to be valid in estimating BRICS growth and the inclusion of inward foreign direct investment (FDI) and real effective exchange rate (REER) variables in the model as additional predictors enhance the robustness in forecasting. The study suggests that the multifaceted and interlinked dimensions of competitiveness are crucial to further enhancement in competitiveness and to ensure the even spread of growth and development in the partnership.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Trade and Global Markets","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijtgm.2021.10024844","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
This research aims to assess the competitiveness of BRICS nations and to investigate its effects on their export performance and economic growth. Our fixed-effects panel regression procedure proves the competitiveness effects on export performance, where the influence of terms of trade and relative profitability of exports are dominant. The export-led-growth (ELG) model seems to be valid in estimating BRICS growth and the inclusion of inward foreign direct investment (FDI) and real effective exchange rate (REER) variables in the model as additional predictors enhance the robustness in forecasting. The study suggests that the multifaceted and interlinked dimensions of competitiveness are crucial to further enhancement in competitiveness and to ensure the even spread of growth and development in the partnership.
期刊介绍：
IJTGM fosters discussion on the various interrelationships between economic growth at national and international levels and international trade. The journal will emphasise the implications that trade policy exerts on economic growth and vice versa, as well the role of national governments, international organisations and the business community on related issues of worldwide concern. Topics covered include International trade Economic growth The role of international economic organisations in the global economy International economic issues Interaction between global markets and trade Implications of globalisation on markets and trade WTO and its policies FDI and the international economics The role of IT in the process of globalisation The importance of growing wealth disparity in trade and management The impact of government debts on international trade and management issues The role of oil and gas: industry intentions, pricing strategies, etc. Trade as determined by currency instability Financing trade deficits.
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