000			01773nam a22002417a 4500
999			_c49672 _d49672
003			OSt
005			20180424164337.0
008			180424b ||||| |||| 00| 0 eng d
100			_aArora, Ashima _931320
245			_aImpact of US Financial Crisis on GDP of BRICS Economies: An Analysis Using Panel Data Approach
300			_a439-454 P.
520			_aThe objective of the article is to analyse the impact of US financial crisis of 2008–2009 on the GDP of India and GDP of BRICS nations for the non-crisis and crisis period. Fixed effects panel data, fixed effect model, random effect model, Hausman test besides ADF unit root test were used to fulfil the abovementioned objective for the period 2000–2013. The findings displayed final consumption expenditure (FCE) to be the most influential variable in affecting the economic growth universally in both the models of India and BRICS. It was the export which was unearthed to have a more significant influence on economic growth of BRICS as a bloc followed by gross capital formation (GCF) than the other way round as in the case of India. Similarly, there was a variation in the influence of economic growth of USA when assessed separately on India in solitude and India as a part of BRICS economic bloc. This result thereby established the contagion flow of US financial crisis into the developing economies of the world.
653			_aGDP,
653			_afinal consumption expenditure
653			_agross capital formation
653			_aexports
653			_aBRICS
653			_aUS
653			_afinancial crises
700			_aKalsie, Anjala _931321
773	0		_029349 _970279 _aBANIK, ARINDAM _dNEW DELHI SAGE PUBLISHING PVT. LTD. _o5558624 _tGLOBAL BUSINESS REVIEW _x0972-1509
942			_2ddc _cJA-ARTICLE