The increase in the amount of goods and services produced in a given period in a country's economy is expressed as growth. However, especially in developing countries, growth stability is largely need to technological and investment goods imports, while export goods are generally composed of lower value-added products. This means that countries will follow a growth model with the current account deficits. In this study, the relationship between the Current Account Balance/GDP ratio and Growth datas in the BRIC(S) countries, which is defined for the first time in 2001, was examined. The BRIC(S) countries have shown a rapid rise, both with their growth rates and their share of world economy. The study aims to test the existence of the relationship between the 1994-2017 period and the second generation cointegration test and variables. Econometric findings didn't detect the cointegration relationship between Current Account Balance/GDP and growth data for the analysis period for BRICS countries. This result is thought to be caused both by the economic/financial crises during the analysis period and by the fact that the countries in the group have different foreign trade and income conditions.
The increase in the amount of goods and services produced in a given period in a country’s economy is expressed as growth. However, especially in developing countries, growth stability is largely needed to technological and investment goods imports, while export goods are generally composed of lower value-added products. This means that countries will follow a growth model with the current account deficits. In this study, the relationship between the Current Account Balance/GDP ratio and Growth data in the BRIC(S) countries, which is defined for the first time in 2001, was examined. The BRIC(S) countries have shown a rapid rise, both with their growth rates and their share of the world economy. The study aims to test the existence of the relationship between the 1994-2017 period and the second generation cointegration test and variables. Econometric findings didn't detect the cointegration relationship between Current Account Balance/GDP and growth data for the analysis period for BRICS countries. This result is thought to be caused both by the economic/financial crises during the analysis period and by the fact that the countries in the group have different foreign trade and income conditions.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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