Causal nexus between sustainable economic growth and economic and institutional determinants: an advanced panel data estimation for BRICS countries
by Priya Gupta
International Journal of Economic Policy in Emerging Economies (IJEPEE), Vol. 14, No. 5/6, 2021

Abstract: The objective of this study is to find the causal nexus between sustainable economic growth and its determinants (both economic and institutional) in the context of the five most emerging countries of the world i.e., BRICS for a period of 17 years (2002-2018). In the presence of unit root problem and cross-sectional dependence, Kao (1999) cointegration test followed by Dumitrescu and Hurlin (2012) Granger non-causality test with the bootstrap procedure has been applied to examine the direction of causality. Additionally, FMOLS and DOLS techniques have been executed to examine the impact of all the determinants on sustainable economic growth in the long run. Lastly, the study also discusses the augmented mean group estimates (Eberhardt and Teal, 2010) to analyse the significant determinants impacting sustainable economic growth country wise. The results of the study are consistent with the available empirical literature for all the countries.

Online publication date: Tue, 16-Nov-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economic Policy in Emerging Economies (IJEPEE):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com