The role of trade liberalization and financial liberalization towards economic growth of brics

Considering the growing emergence of BRICS economy, this study is crucial to policy makers who are interested to know how liberalization had impact on the economies of BRICS. This study examines the role of trade liberalization and financial liberalization towards the economic growth in Brazil, Russ...

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Main Author:	Wong, Joan Mei Tze
Format:	Project Report
Language:	English English
Published:	Universiti Malaysia Sarawak, (UNIMAS) 2015
Subjects:	HB Economic Theory HG Finance
Online Access:	http://ir.unimas.my/12574/ http://ir.unimas.my/12574/1/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%2824pgs%29.pdf http://ir.unimas.my/12574/2/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%28fulltext%29.pdf

id	unimas-12574
recordtype	eprints
spelling	unimas-125742016-06-30T06:44:33Z http://ir.unimas.my/12574/ The role of trade liberalization and financial liberalization towards economic growth of brics Wong, Joan Mei Tze HB Economic Theory HG Finance Considering the growing emergence of BRICS economy, this study is crucial to policy makers who are interested to know how liberalization had impact on the economies of BRICS. This study examines the role of trade liberalization and financial liberalization towards the economic growth in Brazil, Russia, India, China and South Africa (BRICS) over nine year period starting from year 2003 to 2011. This study employs Levin, Lin and Chu (LLC) Panel unit root tests, Hausman Test, panel data estimation and Pedroni's cointegration test. Lastly, Granger causality test were conducted. The result shows that broad money supply (M2) has positive effect and significant on economic growth of BRICS. Domestic credit to Gross Domestic Product (GDP) ratio (DC) was found to be adversely affecting economic growth of BRICS. Universiti Malaysia Sarawak, (UNIMAS) 2015 Project Report NonPeerReviewed text en http://ir.unimas.my/12574/1/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%2824pgs%29.pdf text en http://ir.unimas.my/12574/2/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%28fulltext%29.pdf Wong, Joan Mei Tze (2015) The role of trade liberalization and financial liberalization towards economic growth of brics. [Project Report] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Sarawak
building	UNIMAS Institutional Repository
collection	Online Access
language	English English
topic	HB Economic Theory HG Finance
spellingShingle	HB Economic Theory HG Finance Wong, Joan Mei Tze The role of trade liberalization and financial liberalization towards economic growth of brics
description	Considering the growing emergence of BRICS economy, this study is crucial to policy makers who are interested to know how liberalization had impact on the economies of BRICS. This study examines the role of trade liberalization and financial liberalization towards the economic growth in Brazil, Russia, India, China and South Africa (BRICS) over nine year period starting from year 2003 to 2011. This study employs Levin, Lin and Chu (LLC) Panel unit root tests, Hausman Test, panel data estimation and Pedroni's cointegration test. Lastly, Granger causality test were conducted. The result shows that broad money supply (M2) has positive effect and significant on economic growth of BRICS. Domestic credit to Gross Domestic Product (GDP) ratio (DC) was found to be adversely affecting economic growth of BRICS.
format	Project Report
author	Wong, Joan Mei Tze
author_facet	Wong, Joan Mei Tze
author_sort	Wong, Joan Mei Tze
title	The role of trade liberalization and financial liberalization towards economic growth of brics
title_short	The role of trade liberalization and financial liberalization towards economic growth of brics
title_full	The role of trade liberalization and financial liberalization towards economic growth of brics
title_fullStr	The role of trade liberalization and financial liberalization towards economic growth of brics
title_full_unstemmed	The role of trade liberalization and financial liberalization towards economic growth of brics
title_sort	role of trade liberalization and financial liberalization towards economic growth of brics
publisher	Universiti Malaysia Sarawak, (UNIMAS)
publishDate	2015
url	http://ir.unimas.my/12574/ http://ir.unimas.my/12574/1/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%2824pgs%29.pdf http://ir.unimas.my/12574/2/The%20role%20of%20trade%20liberalization%20and%20financial%20liberalization%20towards%20economic%20growth%20of%20brics%20%28fulltext%29.pdf
first_indexed	2018-09-06T16:01:14Z
last_indexed	2018-09-06T16:01:14Z
_version_	1610874538768203776

The role of trade liberalization and financial liberalization towards economic growth of brics

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