In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production.
📌 3 Maddede Bu Makale
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Amaç & Hipotez: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).
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Temel Bulgular & Veri: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.
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Sonuç & Katkı:In the short run, it is found that imports, exports, exchange rates, labour, capital and per capita income significantly affect industrial production.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:2013 Verileri
⚙️Değişkenler: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.
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/993670
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