Using Common Features to Investigate Common Growth Cycles for BRICS Countries

  • Bruno Ricardo Delalibera Fundação Getúlio Vargas. Brazilian School of Economics and Finance
  • João Victor Issler Fundação Getúlio Vargas. Brazilian School of Economics and Finance
  • Roberto Castello Branco Fundação Getúlio Vargas. Growth and Development Center

Resumo

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.

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Publicado
2018-04-12
Como Citar
Delalibera, B., Issler, J., & Branco, R. (2018). Using Common Features to Investigate Common Growth Cycles for BRICS Countries. Economia Aplicada, 21(4), 589-615. https://doi.org/10.11606/ea116259
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Artigos