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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| Format: | Final Year Project Report / IMRAD |
| Language: | English English |
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Universiti Malaysia Sarawak, (UNIMAS)
2015
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| Online Access: | http://ir.unimas.my/id/eprint/12574/ http://ir.unimas.my/id/eprint/12574/1/Joan%20%28fulltext%29.pdf http://ir.unimas.my/id/eprint/12574/3/Joan%20%28ft%29.pdf |
| _version_ | 1848837225786114048 |
|---|---|
| author | Wong, Joan Mei Tze |
| author_facet | Wong, Joan Mei Tze |
| author_sort | Wong, Joan Mei Tze |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T06:36:17Z |
| format | Final Year Project Report / IMRAD |
| id | unimas-12574 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T06:36:17Z |
| publishDate | 2015 |
| publisher | Universiti Malaysia Sarawak, (UNIMAS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-125742024-09-11T00:39:56Z http://ir.unimas.my/id/eprint/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 Final Year Project Report / IMRAD NonPeerReviewed text en http://ir.unimas.my/id/eprint/12574/1/Joan%20%28fulltext%29.pdf text en http://ir.unimas.my/id/eprint/12574/3/Joan%20%28ft%29.pdf Wong, Joan Mei Tze (2015) The role of trade liberalization and financial liberalization towards economic growth of brics. [Final Year Project Report / IMRAD] (Unpublished) |
| spellingShingle | HB Economic Theory HG Finance Wong, Joan Mei Tze The role of trade liberalization and financial liberalization towards economic growth of brics |
| title | 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_short | 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 |
| topic | HB Economic Theory HG Finance |
| url | http://ir.unimas.my/id/eprint/12574/ http://ir.unimas.my/id/eprint/12574/1/Joan%20%28fulltext%29.pdf http://ir.unimas.my/id/eprint/12574/3/Joan%20%28ft%29.pdf |