On the Causal Dynamics Between Economic Growth, Trade Openness and Gross Capital Formation: Evidence from BRICS Countries (Record no. 52400)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02052nam a2200253 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190808184830.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190808b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Rani, Ritu |
| 9 (RLIN) | 34138 |
| 245 ## - TITLE STATEMENT | |
| Title | On the Causal Dynamics Between Economic Growth, Trade Openness and Gross Capital Formation: Evidence from BRICS Countries |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 769–794 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The present study investigates the long-run association and direction of causality among economic growth, trade openness and gross capital formation in Brazil, Russia, India, China and South Africa (BRICS) nations. This article applied autoregressive distributed lag (ARDL) and vector error correction model to examine the long-run association and casual relationship among the competing variable. The ARDL bound test results indicate long-run relationship among economic growth, trade openness and gross capital formation. Granger causality results reveal unidirectional causality from trade openness to economic growth in India and that Brazil supports trade-led growth hypothesis while bidirectional causality is found between trade openness and economic growth in China supporting feedback hypothesis. In addition, the empirical evidence of unidirectional causality moving from economic growth to trade openness is found in South Africa validating growth-led trade hypothesis. As trade openness is a significant determinant of economic growth in BRICS, the member countries should adopt policies towards trade liberalization to sustain economic growth. Moreover, these emerging markets offer a pool of investment opportunities for the global managers. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Trade Openness |
| Uncontrolled term | BRICS |
| Uncontrolled term | Gross Capital Formation |
| Uncontrolled term | Economic Growth |
| Uncontrolled term | ARDL |
| Uncontrolled term | Cointegration |
| Uncontrolled term | Granger |
| Uncontrolled term | Causality |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kumar, Naresh |
| 9 (RLIN) | 34139 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29349 |
| Host Itemnumber | 75297 |
| Main entry heading | BANIK, ARINDAM |
| Place, publisher, and date of publication | NEW DELHI SAGE PUBLISHING PVT. LTD. |
| Other item identifier | 55510583 |
| Title | GLOBAL BUSINESS REVIEW |
| International Standard Serial Number | 0972-1509 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 08/08/2019 | Vol 20, No 3/ 55510583JA13 | 55510583JA13 | 08/08/2019 | 08/08/2019 |