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Frontiers of Economics in China

Front. Econ. China    2019, Vol. 14 Issue (2) : 302-328     https://doi.org/10.3868/s060-008-019-0014-5
Orginal Article
Do BRICS Have Similar Disaggregated Trade Patterns with Different Regions?
Farkhondeh Jabalameli1, Ehsan Rasoulinezhad2()
1. Faculty of Economics, University of Tehran, Tehran 1417466191, Iran
2. Faculty of World Studies, University of Tehran, Tehran 1417466191, Iran
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Abstract

This is the first study attempting to investigate the patterns of BRICS’ imports and exports with five United Nations regional groups: the African, Asia-Pacific, Eastern European, Latin American and Caribbean, and Western European and Others. A panel data gravity trade model with series from 2001 to 2016 was used to estimate the gravity variables in the models. The main results provide evidence that reinforced the dissimilarities in the foreign trade patterns of BRICS with these five regional groups. The econometric results substantiated that BRICS’ foreign trade patterns are sensitive to changes in the economies of trading partners from the more developed regions. This is evidence for stronger economic ties between BRICS and the more developed regions such as Western Europe and Asia-Pacific. It also reveals the trade convergence of BRICS in these developed regions.

Keywords BRICS      foreign trade pattern      disaggregated trade data      gravity model     
Issue Date: 17 July 2019
 Cite this article:   
Farkhondeh Jabalameli,Ehsan Rasoulinezhad. Do BRICS Have Similar Disaggregated Trade Patterns with Different Regions?[J]. Front. Econ. China, 2019, 14(2): 302-328.
 URL:  
http://journal.hep.com.cn/fec/EN/10.3868/s060-008-019-0014-5
http://journal.hep.com.cn/fec/EN/Y2019/V14/I2/302
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