From Power Transition to Economic Integration Theory: A Review of the BRICS Literature

Sperlich, Yvonne

doi:10.2139/ssrn.2671421

Cited by 4 publications

(2 citation statements)

References 4 publications

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“…All the results found positive long-run effects of BRICS trade integration. The major conclusions entail that trade integration in BRICS and SADC has positive growth effects (Dinca and Dinca, 2014;Chatterjee, Jena & Singh, 2014;Dinca, 2014;Manzombi, 2015;Matthee & Santana-Gallego, 2017;Sperlich, 2015). The third group of studies utilized correlational analysis and Granger causality tests to model bilateral trade relations, amongst various trading blocs (Cowan, Chang Inglesi-Lotz and Gupta, 2012;Bosupeng, 2017;Lotz et al, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

South Africa-BRIC-SADC Trade Alliances and the South African Economy

Mazenda

Masiya

Nhede

2018

International Studies

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The article discusses the implications of South Africa-Brazil Russia India China-Southern African Development Community (BRIC-SADC) trade alliances on South Africa’s economic growth. The analysis follows the periods in which South Africa is mired by fluctuating exchange rate and rising cost of living, as denoted by the rising consumer price index (CPI). In order to understand the implications, an autoregressive redistributive modelling (ARDL) was utilized on quarterly data from 2005 quarter 1 to 2017 quarter 3, regressing South Africa’s growth against South Africa-BRIC and South Africa-SADC trade balances, the main variables of interest. The empirical results identify a significant long-run relationship of the selected variables. However, the results review a negative contribution of South Africa-BRIC trade on South Africa’s economy, while the South Africa-SADC trade produced positive results. Trade composition remains a major challenge for South Africa-BRIC trade. Continued innovation and research and development will shift reliance on primary commodities for exports to mechanized products, hence increasing gains from the lucrative BRICS trade and the non-utilized SADC trade.

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Section: Literature Reviewmentioning

confidence: 99%

South Africa-BRIC-SADC Trade Alliances and the South African Economy

Mazenda

Masiya

Nhede

2018

International Studies

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“…The concept of economic integration is typically based on economic cooperation among neighbouring countries or countries within the same continent often referred to as natural partners. Transaction costs have been reduced drastically by technological progress, intercontinental and integration has become more and more important in the current era of globalization [9]. BRICS as an economic block is an outcome of such a process.…”

Section: Introductionmentioning

confidence: 99%

Dynamic Linkages between Brics and Other Emerging Equity Markets

Sehgal¹,

Mittal²,

Mittal³

2019

TEL

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In this paper, we analyze dynamic interactions between stock markets of BRICS (Brazil, Russia, India, China and South Africa) and other select emerging economies as classified by IMF [1] from January 2001 to June 2017. We employ ADCC-EGARCH model as well as block aggregation technique as suggested by Diebold-Yilmaz [2] framework and order-invariance of GVDs (Generalized Variance Decompositions) as developed by Greenwood-Nimmo, Nguyen, & Rafferty [3] to examine return and risk spillovers within as well as across the BRICS and other sample Emerging Market Economies (EMEs). The results suggest the cohesiveness within BRICS equity markets is moderate. Our results also show increased integration amongst BRICS economies during the global financial crisis period, implying the presence of Contagion effect. Furthermore, Mexico, Chile, Hungary, Turkey and Poland seem to be good candidates to be included along with BRICS for forming a larger Emerging market economic block. This expanded block will not only ensure strengthening trade and financial ties among the participating countries, but also provide a better balance between the emerging and the developed world. This paper contributes immensely to the literature on international finance dealing with financial integration, particularly for emerging markets. The study provides important implications for global policy makers, international economic agencies, investors and the academic community.

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Innovation, productivity and intellectual property reform in an emerging market economy: evidence from India

Kanwar

Sperlich

2019

Empir Econ

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From Power Transition to Economic Integration Theory: A Review of the BRICS Literature

Cited by 4 publications

References 4 publications

South Africa-BRIC-SADC Trade Alliances and the South African Economy

South Africa-BRIC-SADC Trade Alliances and the South African Economy

Dynamic Linkages between Brics and Other Emerging Equity Markets

Innovation, productivity and intellectual property reform in an emerging market economy: evidence from India

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