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What drives export performance in the BRICS countries? An ARDL investigation

Author

Listed:
  • Flavio Vilela Vieira

    (Federal University of Uberlandia, Brazil)

  • Cleomar Gomes da Silva

    (Federal University of Uberlandia, Brazil)

Abstract

This article aims to investigate the export performance of the BRICS, by making use of Bounds Testing (Nonlinear ARDL) Approach to Cointegration. For the period ranging from Jan/2000 to Mar/2017, the results suggest similarities and asymmetries. The level of exchange rate shows no statistical significance in the determination of long run exports, but its volatility seems to be important, as well as world imports and commodity prices. In the short run, the dynamics of the real exchange rate (either appreciation or depreciation) seems to play a relevant role in export performance, except for Brazil. However, in the case of China, exports rely mainly on the depreciation of the real exchange rate. Finally, all BRICS countries, except Brazil, show a low speed of adjustment to the long run in the face of short-run shocks.

Suggested Citation

  • Flavio Vilela Vieira & Cleomar Gomes da Silva, 2021. "What drives export performance in the BRICS countries? An ARDL investigation," Economics Bulletin, AccessEcon, vol. 41(2), pages 686-695.
    • Handle: RePEc:ebl:ecbull:eb-20-01211
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    References listed on IDEAS

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    Cited by:

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    2. Kaelo Mpho Ntwaepelo, 2021. "The Effects of Macroprudential and Monetary Policy Shocks in BRICS economies," Economics Discussion Papers em-dp2021-20, Department of Economics, University of Reading.

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    More about this item

    Keywords

    Exports; BRICS; Foreign Exchange Rate; NARDL; Cointegration;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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