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Do BRICS Have Similar Disaggregated Trade Patterns with Different Regions?

Author

Listed:
  • Farkhondeh Jabalameli

    (Faculty of Economics, University of Tehran, Tehran 1417466191, Iran)

  • Ehsan Rasoulinezhad

    (Faculty of World Studies, University of Tehran, Tehran 1417466191, Iran)

Abstract

This is the first study attempting to investigate the patterns of BRICS' imports and exports with five United Nations regional groups: the African, Asia-Pacific, Eastern European, Latin American and Caribbean, and Western European and Others. A panel data gravity trade model with series from 2001 to 2016 was used to estimate the gravity variables in the models. The main results provide evidence that reinforced the dissimilarities in the foreign trade patterns of BRICS with these five regional groups. The econometric results substantiated that BRICS' foreign trade patterns are sensitive to changes in the economies of trading partners from the more developed regions. This is evidence for stronger economic ties between BRICS and the more developed regions such as Western Europe and Asia-Pacific. It also reveals the trade convergence of BRICS in these developed regions.

Suggested Citation

  • Farkhondeh Jabalameli & Ehsan Rasoulinezhad, 2019. "Do BRICS Have Similar Disaggregated Trade Patterns with Different Regions?," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 14(2), pages 302-328, June.
    • Handle: RePEc:fec:journl:v:14:y:2019:i:2:p:302-328
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-008-019-0014-5
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    More about this item

    Keywords

    BRICS; foreign trade pattern; disaggregated trade data; gravity model;
    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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