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Global Integration and Economic Growth in Emerging Countries: The Case of BRICS and NEXT-11

In: Capitalism, Global Change and Sustainable Development

Author

Listed:
  • Misbah T. Choudhry

    (Centre for Research on Economic Empowerment of South Asian Women
    University of Brescia
    University of Perugia)

  • Enrico Marelli

    (Centre for Research on Economic Empowerment of South Asian Women
    University of Brescia
    University of Perugia)

  • Marcello Signorelli

    (Centre for Research on Economic Empowerment of South Asian Women
    University of Brescia
    University of Perugia)

Abstract

This paper investigates the impact of global integration on economic growth in a large group—BRICS and NEXT-11—of emerging countries and it tries to verify a possible different relation for the second group. The period of analysis is 1980–2015. Our hypothesis is that the impact of global integration (measured as foreign direct investment and share of trade as percentage of GDP) on economic growth is not only direct but also indirect through various other determinants of economic growth. Thus, by using panel data econometric estimation techniques, multiplicative models are estimated. Results show that global integration—both trade openness and FDI inflow—benefits economic growth. The coefficients are however higher in the BRICS group rather than in the complete sample.

Suggested Citation

  • Misbah T. Choudhry & Enrico Marelli & Marcello Signorelli, 2020. "Global Integration and Economic Growth in Emerging Countries: The Case of BRICS and NEXT-11," Springer Proceedings in Business and Economics, in: Luigi Paganetto (ed.), Capitalism, Global Change and Sustainable Development, pages 25-55, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-46143-0_3
    DOI: 10.1007/978-3-030-46143-0_3
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    Cited by:

    1. Scalamonti, Francesco, 2024. "The foreign investments-growth nexus in underdeveloped countries: the state-of-art of research analysing a selected and recent empirical literature (2020-2022)," Technological Forecasting and Social Change, Elsevier, vol. 198(C).

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