Arbeitspapier

Drivers of growth in fast emerging economies: A dynamic instrumental quantile approach to real output and its rates of growth in BRICS and MINT countries, 2001-2011

We analyze the evolution of fast emerging economies of the BRICS (Brazil, Russia, India, China & South Africa) and MINT (Mexico, Indonesia, Nigeria & Turkey) countries, by assessing growth determinants throughout the conditional distributions of the growth rate and real GDP output for the period 2001-2011. An instrumenal variable (IV) quantile regression approach is complemented with Two-Stage-Least Squares and IV Least Absolute Deviations. We find that the highest rates of growth of real GDP per head, among the nine countries of this study, corresponded to China, India, Nigeria, Indonesia and Turkey, but the highest increases in real GDP per capita corresponded, in descending order, to Turkey China, Brazil, South Africa and India. This study analyzes the impacts of several indicators on the increase of the rate of growth of real GDP and on the logarithm of the real GDP. We analyze several limitations of the methodology, related with the selection of the explained and the explanatory variables, the effect of missing variables, and the particular problems of some indicators. Our results show that Net Foreign Direct Investment, Natural Resources, and Political Stability have a positive and significant impact on the rate of growth of real GDP or on real GDP.

Language
Englisch

Bibliographic citation
Series: AGDI Working Paper ; No. WP/18/013

Classification
Wirtschaft
Model Evaluation, Validation, and Selection
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Economic Growth and Aggregate Productivity: General
Economywide Country Studies: General
Subject
Economic Growth
Emerging countries
Quantile regression

Event
Geistige Schöpfung
(who)
Asongu, Simplice
Odhiambo, Nicholas M.
Event
Veröffentlichung
(who)
African Governance and Development Institute (AGDI)
(where)
Yaoundé
(when)
2018

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Asongu, Simplice
  • Odhiambo, Nicholas M.
  • African Governance and Development Institute (AGDI)

Time of origin

  • 2018

Other Objects (12)