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Do BRICS Countries Have Similar Trade Integration Patterns?

Author

Listed:
  • Rasoulinezhad, Ehsan

    (University of Tehran)

  • Jabalameli, Farkhondeh

    (University of Tehran)

Abstract

This study explores the similarities of trade integrations in the BRICS member countries. Using time series data from 2001 to 2015 and employing the Panel-Gravity trade model approach, we utilized the separate disaggregated trade data of manufactured goods and raw materials of each BRICS member with United Nations-defined regional groups: the African group, the Asia Pacific group, the Eastern European group, the Latin American and Caribbean group, and the Western European. The analysis results revealed that Russia’s manufactured goods and raw material trade integration based on the Heckscher–Ohlin framework with these five regional groups is not similar to that of other BRICS members following the Linder hypothesis. Furthermore, the dominance of China in total trade flows of BRICS has made the Chinese Yuan's effects on trade with partners from different groups stronger than other BRICS members' national currencies impacts. Geographical distance as a proxy for transportation cost has a weaker negative effect on the manufactured goods and raw materials trade patterns of China and India than it does on other countries, creating dissimilarity in the trade patterns of BRICS countries.

Suggested Citation

  • Rasoulinezhad, Ehsan & Jabalameli, Farkhondeh, 2018. "Do BRICS Countries Have Similar Trade Integration Patterns?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 33(1), pages 1011-1045.
    • Handle: RePEc:ris:integr:0727
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    Citations

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    Cited by:

    1. Muhammad Umair & Muhammad Ramzan Sheikh & Asifa Tufail, 2022. "Determinants Of Pakistan’S Bilateral Trade With Major Trading Partners: An Application Of Heckscher-Ohlin Model And Tinbergen Gravity Model," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 24-36, March.
    2. Kuldeep Kumar Lohani, 2024. "Trade Flow of India with BRICS Countries: A Gravity Model Approach," Global Business Review, International Management Institute, vol. 25(1), pages 22-39, February.
    3. Rasoulinezhad, Ehsan, 2020. "Energy Trade and Economic Integration between the Commonwealth Independent States and China," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 172-190.
    4. Houcine Boughanmi & Fatma Al-Saadi & Lokman Zaibet & Ibtisam Al Abri & Abdallah Akintola, 2021. "Trade in Intermediates and Agro-Food Value Chain Integration: The Case of the Arab Region," SAGE Open, , vol. 11(1), pages 21582440211, March.
    5. P. K. Mishra & S. K. Mishra, 2022. "Is the Impact of COVID-19 Significant in Determining Equity Market Integration? Insights from BRICS Economies," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(2), pages 137-162, May.

    More about this item

    Keywords

    Gravity Model; Bilateral Trade; Panel Data;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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