Year: 2019 | Month: September | Volume 64 | Issue 3
Does Economic Integration Really Improve Trade Competitiveness? The Case of BRICS
This research assesses the trade competitiveness of BRICS nations during the period 2001-2017. The ultimate aim of the study is to investigate the effects of economic integration in enhancing the trade competitiveness of member countries. Various price and non-price measures that carry information on trade competitiveness are computed and their relative importance is analyzed. The findings of the research demonstrate the asymmetric pattern of trade development in BRICS region even after the formation of group. The benefits under integration are more country specific and in particular, the partnership favors more to the growth of China and India. Surprisingly, the research finds the loosely linked stock markets as and real exchange markets in BRICS that acclaims the lack of consensus among market regulators in their intervention policies.
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