Economic growth: an analysis of the determinants for the BRICS in the period 2000 to 2016
DOI:
https://doi.org/10.22481/ccsa.v18i31.7884Keywords:
Economic growth. Variance Decomposition Analysis (VDA). BRICS.Abstract
The article aims to analyze the determinants of the economic growth of the BRICS (Brazil, Russia, India, China and South Africa) for the period from 2000 to 2016. It used the econometric instruments of vectors autoregressive (VAR) and the variance decomposition analysis (VDA). The results show that investment, the real effective exchange rate and the inflation are predominant in explaining countries economic growth. In this sense, a management committed to investment and macroeconomic stability is crucial to obtain high and sustained economic growth in the long run.
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