Study on the Trade Potential of BRIC Countries -- Empirical Analysis Based on Gravity Model

DOI

10.2991/mess-18.2018.4How to use a DOI?

Keywords

BRIC countries, Comparative advantage, Gravity model, Trade potential.

Abstract

In recent years, BRIC countries, as a representative of emerging economies, have increasingly become an important driving force driving the global economic recovery. This paper studies the trade import and export of the BRIC countries through statistical analysis and econometric methods. First of all, based on the data of import and export of BRIC countries from 2010 to 2016, this article gives an overview of the current situation of BRIC countries’ trade development, mainly from the ratio of the internal trade volume to the total export volume of the BRIC countries and the mutual import and export between the BRIC countries. Secondly, systematically calculating the international competitiveness of BRICS by calculating the dominant comparative advantage index. Thirdly, based on the data, using the gravity model to analyze the impact of inter-state. And based on this, through calculating the regression equation, this paper systematically analyzes the trade development potentials between BRIC countries. Finally, it briefly summarizes the main conclusions of this paper, and give the relevant policy recommendations.

Copyright

© 2018, 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  - Pei-Zhi WANG
AU  - Zhe-Ning YU
AU  - Yu-Han ZHENG
PY  - 2018/04
DA  - 2018/04
TI  - Study on the Trade Potential of BRIC Countries -- Empirical Analysis Based on Gravity Model
BT  - Proceedings of the 2018 4th Annual International Conference on Modern Education and Social Science (MESS 2018)
PB  - Atlantis Press
SP  - 22
EP  - 27
SN  - 2352-5398
UR  - https://doi.org/10.2991/mess-18.2018.4
DO  - 10.2991/mess-18.2018.4
ID  - WANG2018/04
ER  -