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Panel Data Analysis of Export Structure and Growth: Case of BRICS-T Countries

Author

Listed:
  • Necip Dundar

    (Mus Alparslan University, Faculty of Economics and Administrative Sciences, Department of Economics, Mus, Turkiye)

  • Yuksel Bayraktar

    (Ankara University, Faculty of Political Sciences, Department of Economics, Ankara, Turkiye)

Abstract

Realisation of specialisation in areas dominated by technological production structure and the technological level of exported goods are essential determinants of macroeconomic performance. Therefore, the export structure and technological level of exported goods are highly significant. In this study, the relationship between real GDP and exports of goods produced in BRICS-T countries with low, medium, and high levels of skill and technology is investigated. In the panel data analysis using data for the period 1995–2020, the cointegration relationship between the variables was examined, and it was concluded that there is no long-run relationship between real GDP and goods produced in labour-resource intensive, low, medium, and high skill and technology levels of countries. In addition, a causality test using Dumitrescu and Hurlin’s (2012) linear heterogeneous model was carried out. The test results showed a unidirectional causality relationship between real GDP and goods with low and high skill and technology but a bidirectional causality relationship between real GDP and labour-resource-intensive goods.

Suggested Citation

  • Necip Dundar & Yuksel Bayraktar, 2024. "Panel Data Analysis of Export Structure and Growth: Case of BRICS-T Countries," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(74-1), pages 99-120, June.
    • Handle: RePEc:ist:journl:v:73:y:2024:i:1:p:99-120
    DOI: 10.26650/ISTJECON2023-1296901
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    References listed on IDEAS

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    More about this item

    Keywords

    Export structure; Exports; Real GDP; Technological level; BRICS-T JEL Classification: E60 ; F10 ; O50;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F10 - International Economics - - Trade - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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