Using Common Features to Investigate Common Growth Cycles for BRICS Countries

Economia Aplicada

Bruno Ricardo Delalibera¹  João Victor Issler¹  Roberto Castello Branco² 

[1] Fundação Getúlio Vargas. Brazilian School of Economics and Finance;Fundação Getúlio Vargas. Growth and Development Center;

关键词: Common cycles;    Common features;    BRICS;   

DOI  :  10.11606/ea116259

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown