Analysis of the Co-Movement of Economic Growth of BRICS Countries

DOI

10.2991/aebmr.k.210319.072How to use a DOI?

Keywords

Co-movement, Economic growth, BRICS countries

Abstract

The sustained and steady growth of the BRICS economy is of great significance to the development of the world economy. This paper studies the co-movement of BRICS economic growth. The research based on the economic data of BRICS countries in 2001-2016. Firstly, the graphic method is used to describe the existence of co-movement. Then Pearson and Spearman correlation coefficients and rolling correlation are designed to measure the co-movement of economic growth of BRICS countries. The results show that the economic growth of the BRICS countries has a common driving force. The economic growth of most BRICS countries has obvious common trends, and there are characteristics of national differentiation and time differentiation in them. The conclusions highlight the importance of greater economic cooperation among BRICS countries. And all of the BRICS countries should maintain the economic stability and jointly defend the international crisis.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Bai fa Shi
AU  - Hua Bai
PY  - 2021
DA  - 2021/03/22
TI  - Analysis of the Co-Movement of Economic Growth of BRICS Countries
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 387
EP  - 390
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.072
DO  - 10.2991/aebmr.k.210319.072
ID  - Shi2021
ER  -