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VOL. 3, ISSUE 4 (2018)
BRICS: Foreign trade and the macro-economic variables colliding with it
Authors
N Prabaharan
Abstract
Foreign trade is a fundamental part of a nation's national economy, and contributes considerably to the monetary welfare of the general population and the advancement of assets. It assumes a critical part in rebuilding financial and social properties of countries' around the globe, especially the less created countries'. In this article the researcher has attempted to find the growth of foreign trade in BRICS, influence of the selected economic variables in foreign trade. The researcher has analysed the objectives with the help of The collected data have been used for analysis with the help of statistical tools and econometric tools like mean, standard deviation (SD), co-efficient of variation (CV), compound annual growth rate (CAGR), trend analysis, average annual growth rate (AAGR) and Ordinary Least Square regression analysis and econometric tools called unit root test (Augmented Dicky Fuller Test), Co-integration test, and Error correction model. The present study is one of the empirical investigations on the performance evaluation between the foreign trade and economic growth in developing nations has provided a good understanding on the impact that export has on the growth of the economy. It has been proven that the exports, as a component of foreign trade, had a significant impact on the growth of nation’s economy under review and it has been further proved that there is an improved performance of foreign trade in relation to economic growth.
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Pages:113-116
How to cite this article:
N Prabaharan "BRICS: Foreign trade and the macro-economic variables colliding with it". International Journal of Advanced Research and Development, Vol 3, Issue 4, 2018, Pages 113-116
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