The Determinants of Economic Growth in BRICS Countries

The Determinants of Economic Growth in BRICS Countries

Foued Sabbagh

Contact

University of Sousse

The Determinants of Economic Growth in BRICS Countries

Article Fingerprint

ReserarchID

W6M6W

The Determinants of Economic Growth in BRICS Countries Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

The purpose of this article is to provide a theoretical framework with a brief literature particularly linking the various determinants of economic growth. These determinants are its basis in the reconciliation of those three theories of exogenous growth, endogenous growth and the convergence between these two forms of growth. In this context, the convergence paths to long-term economic growth requires a set of economic, social, cultural and political factors on either regions, or cross country, or some countries or see all over the world countries. These hypotheses are tested in an econometric study of dynamic panel data from five BRICS countries during the period 2000-2012. The econometric model in this article is presented in the form of a conditional convergence equation to treat the origins of economic growth.

References

77 Cites in Article

Reference Format

P Aghion (2002). Les défis d'une nouvelle théorie de la croissance.
P Aghion,P Howitt (1997). Endogenous growth theory.
Akanni-Hanvo A,A Leon (1998). La croissance endogène régionalisée.
M Arellano,S Bond (1991). Some tests of specification for Panel Data: Monte Carlo evidence and an application to employment equations.
Manuel Arellano,Olympia Bover (1995). Another look at the instrumental variable estimation of error-components models.
Arnold Bassanini A,S Scarpetta (2007). Solow or Lucas?: Testing growth models using panel data from OECD countries.
Panagiotis Artelaris,Paschalis Arvanitidis,George Petrakos (2006). Explaining Knowledge-Based Economic Growth in the World Economy.
Patrick Artus (1993). Croissance endogène : revue des modèles et tentatives de synthèse.
L Bandeira,E Karurauga,W Rufino (2009). Processus d'innovation dans les pays émergents: Cas du BRIC (Brésil, Russie, Inde, Chine).
Robert Barro (1990). Government Spending in a Simple Model of Endogeneous Growth.
Robert Barro (1991). Economic Growth in a Cross Section of Countries.
Robert Barro (1996). Determinants of Economic Growth: A Cross-Country Empirical Study.
Robert Barro (2001). Human Capital and Growth.
J Barro R,Sala-I-Martin X (1992). Convergence.
J Barro R,Sala-I-Martin X (2004). Economic growth.
M Beine,F Docquier,H Rapoport (2001). Brain drain and economic growth: theory and evidence.
I Bensidoun,L Boone (1998). La notion de convergence.
J Berthélemy,A Varoudakis (1995). Clubs de convergence et croissance: Le rôle du développement financier et du capital humain.
J Berthélemy,S Dérnurger (2000). Foreign Direct Investment and Economic Growth: Theory and Application to China.
Richard Blundell,Stephen Bond (1998). Initial conditions and moment restrictions in dynamic panel data models.
François Bourguignon (1998). Equité et croissance économique : une nouvelle analyse ?.
Chen Feng,Y (2000). Determinants of economic growth in China: Private enterprise, education, and openness.
Autume Michel,P (1993). Hystérésis et Piège du sous-développement dans un Modèle de croissance endogène.
Autume (1994). Choix éducatifs, équilibre général et croissance économique.
A Diemer (2002). Croissance endogène et convergence.
J Doornik,M Arellano,S Bond (2001). Panel data estimation using DPD for Ox.
Nikolaos Dritsakis,Antonios Adamopoulos (2006). Financial development and economic growth in Greece: an empirical investigation with Granger causality analysis.
J Dumont,S Mesple-Somps (1999). Graphique 4.2. Découplage des émissions de CO2 et de la croissance économique en 1999-2011.
Steven Durlauf,Danny Quah (1998). The New Empirics of Economic Growth.
I Ehrlich,F Lui (1999). Bureaucratic corruption and endogenous economic growth.
A Fabre (2001). Éducation, croissance et convergence: analyse au sein d'un modèle à générations imbriquées.
Gershon Feder (1982). On exports and economic growth.
Carmen Fernández,Eduardo Ley,Mark Steel (2001). Model uncertainty in cross‐country growth regressions.
K Goel R,I Korhonen (2011). Determinants of Economic growth in BRIC countries.
A Grimaud (2000). Ressources naturelles et croissance endogène dans un modèle à biens horizontalement différenciés.
D Guellec (1991). Croissance endogène: Les principaux mécanismes.
Dominique Guellec (1995). Externalités et asymétries d'information dans un modèle de croissance..
D Guellec,L Van Pottelsberghe De,Potterie B (2001). Les TIC et la croissance économique.
Herrera R (1998). Dépenses publiques d'éducation et capital humain dans un modèle convexe de croissance endogène.
J Huart (2001). Economie: La croissance s'explique-t-elle ?.
Hyeon-Seung Huh,David Kim (2013). An empirical test of exogenous versus endogenous growth models for the G-7 countries.
T Hult (2009). The BRIC countries.
Kyung Im,M Pesaran,Yongcheol Shin (2003). Testing for unit roots in heterogeneous panels.
N Islam (1995). Growth Empirics: A Panel Data Approach.
Jean-Pierre P (1997). Sélection et tests de seuils de convergence.
C Jones (1995). R&D-Based models of economic growth.
G Karras (2003). Trade openness and Economic growth: Can we estimate the precise effect?.
F Khalil (2014). Causalité entre le taux de change réel et la croissance économique: Application à un panel de pays en développement.
Narayana Kocherlakota,Kei-Mu Yi (1995). Can convergence regressions distinguish between exogenous and endogenous growth models?.
E Leamer (1973). Specification searches.
E Leamer (1983). Criticism of econometrics: Keynes, Leamer, Lucas and the Austrians.
E Leamer (1985). Sensitivity Analysis Would Help.
Levine R,D Renelt (1992). A sensitivity Analysis of cross country growth regressions.
Levine R (1999). Law, Finance, and Economic Growth.
Ross Levine,Norman Loayza,Thorsten Beck (2000). Financial intermediation and growth: Causality and causes.
Li Liu,X (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship.
F Lordon (1991). Théorie de la croissance: quelques développements récents [Première Partie: la croissance récente.
E Lucas R (1988). On the Mechanics of Economic Development.
N Mankiw,D Romer,D Weil (1992). A Contribution to the Empirics of Economic Growth.
Ron Martin,Peter Sunley (2005). Une convergence lente ? La nouvelle théorie de la croissance endogène et le développement régional.
Pak Mo (2001). Corruption and Economic Growth.
H Ndambiri,C Ritho,I Ng'ang'a S,P Kubowon,F Mairura,P Nyangweso,E Muiruri,F Cherotwo (2012). Determinants of Economic growth in Sub-Saharan Africa: A Panel Data Approach.
R Nelson R,E Phelps (1966). Investment in humans, technological diffusion and economic growth.
Adam Przeworski,Fernando Limongi (1993). Political Regimes and Economic Growth.
Sergio Rebelo (1991). Long-Run Policy Analysis and Long-Run Growth.
D Rodrik (2001). Institutions, Integration, and geography: In search of the deep determinants of economic growth.
Paul Romer (1986). Increasing Returns and Long-Run Growth.
Paul Romer (1990). Human capital and growth: Theory and evidence.
P Romer (1994). The origins of Endogenous Growth.
P Romer (1990). Endogenous Technological Change.
Nouriel Roubini,Xavier Sala-I-Martin (1991). Financial Repression and Economic Growth.
Sala-I-Martin X Doppelhofer G,R I Miller (2003). Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach.
B Seetanah (2011). Assessing the dynamic economic impact of tourism for island economies.
R Solow (1956). A contribution to the theory of Economic growth.
R Solow (1957). Technical change and the Aggregate Production Function.
R Solow,J Tobin,C Von Weizsacker,M Yaari (1966). Neoclassical Growth with Fixed Factor Proportions.
Dominic Wilson,Roopa Purushothaman (2003). Dreaming With BRICs: The Path to 2050.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Foued Sabbagh. 2017. \u201cThe Determinants of Economic Growth in BRICS Countries\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 17 (GJMBR Volume 17 Issue B4).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 17 Issue B4

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-B Classification JEL Code: A10

Submission ReceivedDecember 8, 2016
Peer Review Double Blind
Handling Editor
Accepted January 3, 2017
Published January 15, 2017

Version of record

v1.2

Issue date

September 23, 2017

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 101

Country: Tunisia

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Foued Sabbagh (PhD/Dr. count: 0)

View Count (all-time): 209

Total Views (Real + Logic): 3531

Total Downloads (simulated): 1767

Publish Date: 2017 09, Sat

Monthly Totals (Real + Logic):

Month 1: 53 views
Month 2: 34 views
Month 3: 31 views
Month 4: 34 views
Month 5: 39 views
Month 6: 34 views
Month 7: 46 views
Month 8: 33 views
Month 9: 36 views
Month 10: 43 views
Month 11: 55 views
Month 12: 43 views
Month 13: 41 views
Month 14: 36 views
Month 15: 22 views
Month 16: 16 views
Month 17: 34 views
Month 18: 40 views
Month 19: 28 views
Month 20: 42 views
Month 21: 19 views
Month 22: 31 views
Month 23: 25 views
Month 24: 38 views
Month 25: 24 views
Month 26: 31 views
Month 27: 43 views
Month 28: 22 views
Month 29: 33 views
Month 30: 35 views
Month 31: 46 views
Month 32: 24 views
Month 33: 21 views
Month 34: 39 views
Month 35: 49 views
Month 36: 39 views
Month 37: 19 views
Month 38: 28 views
Month 39: 33 views
Month 40: 22 views
Month 41: 22 views
Month 42: 45 views
Month 43: 39 views
Month 44: 33 views
Month 45: 19 views
Month 46: 27 views
Month 47: 31 views
Month 48: 38 views
Month 49: 19 views
Month 50: 36 views
Month 51: 46 views
Month 52: 29 views
Month 53: 34 views
Month 54: 24 views
Month 55: 13 views
Month 56: 34 views
Month 57: 37 views
Month 58: 22 views
Month 59: 34 views
Month 60: 37 views
Month 61: 45 views
Month 62: 37 views
Month 63: 30 views
Month 64: 31 views
Month 65: 26 views
Month 66: 34 views
Month 67: 25 views
Month 68: 20 views
Month 69: 43 views
Month 70: 29 views
Month 71: 34 views
Month 72: 36 views
Month 73: 32 views
Month 74: 23 views
Month 75: 24 views
Month 76: 23 views
Month 77: 42 views
Month 78: 45 views
Month 79: 11 views
Month 80: 32 views
Month 81: 22 views
Month 82: 40 views
Month 83: 19 views
Month 84: 32 views
Month 85: 47 views
Month 86: 29 views
Month 87: 35 views
Month 88: 28 views
Month 89: 42 views
Month 90: 31 views
Month 91: 37 views
Month 92: 30 views
Month 93: 41 views
Month 94: 32 views
Month 95: 39 views
Month 96: 37 views
Month 97: 18 views
Month 98: 34 views
Month 99: 22 views
Month 100: 20 views
Month 101: 31 views
Month 102: 34 views
Month 103: 38 views
Month 104: 40 views

Total Views: 3531

Total Downloads: 1767

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]