Using Common Features to Investigate Common Growth Cycles for BRICS Countries

Using Common Features to Investigate Common Growth Cycles for BRICS Countries

This paper examines the short and long-term co-movement of large  emerging market economies -- the BRICS countries -- by applying the  econometric techniques and the tests proposed in the common-feature literature. Despite their dissimilarities, given the rising trade linkages among the BRICS over...

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Bibliographic Details
Main Authors: Bruno Ricardo Delalibera, João Victor Issler, Roberto Castello Branco
Format: Article
Language:Portuguese
Published: Universidade de São Paulo 2018-04-01
Series:Economia Aplicada
Subjects:
Common cycles
Common features
BRICS
Online Access:http://www.revistas.usp.br/ecoa/article/view/116259
Description
Summary:This paper examines the short and long-term co-movement of large  emerging market economies -- the BRICS countries -- by applying the  econometric techniques and the tests proposed in the common-feature literature. Despite their dissimilarities, given the rising trade linkages among the BRICS over the last 20 years one should expect their cycles to be  synchronized. Our empirical findings fully support this hypothesis. The evidence holds also for the co-movement between the BRICS and developed  economies, the US and the Eurozone, which may reflect the effects of  globalization.
ISSN:1413-8050
1980-5330

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