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Transmission of China’s Shocks to the BRIS Countries

Author

Listed:
  • Alain Kabundi
  • Mustafa Y. Çakir

Abstract

This paper investigates the impact of China on the BRIS countries, namely Brazil, Russia, India and South Africa. We identify Chinese supply and demand shocks and assess their transmission to BRIS in a structural dynamic factor model framework estimated over the period 1995Q2-2009Q4. The findings show that Chinese supply shocks are more important than its demand shocks. Supply shocks produce positive and significant output responses in all BRIS countries. While supply shocks have a permanent impact on the BRIS countries, the effects of demand shocks are short-lived. Both supply and demand shocks are transmitted through trade rather than financial linkages. However, the responses of BRIS countries are heterogeneous and therefore they require different policy responses
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Alain Kabundi & Mustafa Y. Çakir, 2013. "Transmission of China’s Shocks to the BRIS Countries," ERSA Working Paper Series 362, Economic Research Southern Africa.
    • Handle: RePEc:rza:ersawp:362
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    Cited by:

    1. is not listed on IDEAS
    2. Biyase Mduduzi & Rooderick September, 2018. "Determinants of FDI in BRICS Countries: Panel Data Approach," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(2), pages 35-48, August.
    3. Wani, Nassir Ul Haq, 2019. "Latency and Economic Concert of India’s Trade with Russia: An Empirical Investigation," MPRA Paper 104616, University Library of Munich, Germany, revised 19 Nov 2020.

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    Keywords

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    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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