Foreign Trade Review ( IF 1.1 ) Pub Date : 2021-04-04 , DOI: 10.1177/0015732521995162 Mehraj Ahmad Sheikh 1 , Mushtaq Ahmad Malik 2
The empirical limits of this study lie in investigating the nexus between trade openness, institutional quality and economic growth in emerging BRICS countries. Having nascent institutions, the study aims to analyse their role in determining the trade–growth relationship. Using endogeneity expunging GMM technique, the empirical evidence shows—first, imports play a crucial part in augmenting growth. While exports and overall trade openness do show a positive impact, they lack the statistical significance. Second, institutional infrastructure shows an indirect effect by augmenting the economic performance when complemented with higher imports. These countries stand to gain more from imports with improved institutional infrastructure.
JEL Codes: F10, O4, C23
中文翻译:
贸易开放,制度和经济增长的纽带:对金砖国家的实证研究
该研究的经验局限性在于调查新兴金砖国家的贸易开放度,机构质量与经济增长之间的关系。该研究具有新生的机构,旨在分析其在确定贸易与增长关系中的作用。使用内生性去除GMM技术,经验证据表明:首先,进口在促进增长中起着至关重要的作用。尽管出口和总体贸易开放程度确实显示出积极的影响,但它们缺乏统计意义。其次,制度基础设施在增加进口额的同时,通过提高经济绩效表现出间接影响。这些国家将从制度基础设施改善的进口中获得更多收益。
JEL代码: F10,O4,C23