Hidden Bibliographic Details
| Other authors / contributors: | Yang, Yongzheng, author.
International Monetary Fund. Western Hemisphere Department, issuing body.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 9781463996048
1463996047
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| Notes: | At head of title: Western Hemisphere Department and Asia and Pacific Department.
Title from PDF title page (IMF Web site, viewed November 21, 2011).
"November 2011."
Includes bibliographical references.
English.
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| Summary: | Trade and financial ties between low-income countries (LICs) and Brazil, Russia, India, and China (BRICs) have expanded rapidly in recent years. This gives rise to the potential for growth to spill over from the latter to the former. We employ a global vector autoregression (GVAR) model to investigate the extent of business cycle transmission from BRICs to LICs through both direct (FDI, trade, productivity, exchange rates) and indirect (global commodity prices, demand, and interest rates) channels. The estimation results show that there are significant direct spillovers while indirect spillovers also matters in many cases. Based on these results, we show that growing LIC-BRIC ties have significantly helped alleviate the adverse impact of the recent global financial crisis on LIC economies.
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| Other form: | Print version: Samaké, Issouf. Low-Income Countries' BRIC Linkage: Are There Growth Spillovers? Washington : International Monetary Fund, ©2011 9781463924669
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