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Journals / International Journal of Economics and Finance Studies / 2026 / Cilt: 8 Sayı: 1

DYNAMICS OF INDUSTRIAL PRODUCTION IN BRICS COUNTRIES

Adebayo Augustine Kutu
Harold Ngalawa
Pages
1–25
Publication Date
2016-06-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper investigates the long run and short run dynamics between industrial production and factors affecting production in the Emerging Market Economies of Brazil, Russia, India, China and South Africa (BRICS).
📊
Key Findings & Data:Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables.
💡
Conclusion & Impact:In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production.
🔬Design:Modeling & Simulation
📍Scope:2013 Verileri
⚙️Variables:Dynamics of Industrial Production · BRICS countries · P-ARDL

Abstract

This paper investigates the long run and short run dynamics between industrial production and factors affecting production in the Emerging Market Economies of Brazil, Russia, India, China and South Africa (BRICS). Using the Chudik and Pesaran (2013) P-ARDL model and monthly data from 1994:01 – 2013:12, the study finds evidence of a cointegrating relationship between industrial production and selected variables. It is further observed that capital, labour, per capita income and exports have a positive long run impact on industrial production in the BRICS. A currency appreciation (an increase in the exchange rate), however, has a negative impact on industrial production. In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production.

🔖

Cite This Article

Kutu, A. A., Ngalawa, H. (2016). DYNAMICS OF INDUSTRIAL PRODUCTION IN BRICS COUNTRIES. International Journal of Economics and Finance Studies, Cilt: 8 Sayı: 1, 1–25. https://ajindex.com/articles/1651473

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