The Nexus of Trade Openness, Institutions and Economic Growth: An Empirical Investigation of BRICS Countries
| Author | Mehraj Ahmad Sheikh,Mushtaq Ahmad Malik |
| DOI | 10.1177/0015732521995162 |
| Published date | 01 May 2021 |
| Date | 01 May 2021 |
The Nexus of Trade
Openness, Institutions
and Economic Growth:
An Empirical
Investigation of BRICS
Countries
Mehraj Ahmad Sheikh1 and
Mushtaq Ahmad Malik2
Abstract
The empirical limits of this study lie in investigating the nexus between trade
openness, institutional quality and economic growth in emerging BRICS coun-
tries. Having nascent institutions, the study aims to analyse their role in determin-
ing the trade–growth relationship. Using endogeneity expunging GMM technique,
the empirical evidence shows—first, imports play a crucial part in augmenting
growth. While exports and overall trade openness do show a positive impact,
they lack the statistical significance. Second, institutional infrastructure shows an
indirect effect by augmenting the economic performance when complemented
with higher imports. These countries stand to gain more from imports with
improved institutional infrastructure.
JEL Codes: F10, O4, C23
Keywords
Trade openness, institutions, economic growth, BRICS
Article
1 Department of Commerce, Aligarh Muslim University, Aligarh, Uttar Pradesh, India.
2 Department of West Asian Studies, Aligarh Muslim University, Aligarh, Uttar Pradesh, India.
Corresponding author:
Mehraj Ahmad Sheikh, Department of Commerce, Aligarh Muslim University, Aligarh, Uttar Pradesh
202001, India.
E-mail: mehrajzhdc@gmail.com
Foreign Trade Review
56(2) 206–215, 2021
©2021 Indian Institute of
Foreign Trade
Reprints and permissions:
in.sagepub.com/journals-permissions-india
DOI: 10.1177/0015732521995162
journals.sagepub.com/home/ftr
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeUnlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations
Unlock full access with a free 7-day trial
Transform your legal research with vLex
-
Complete access to the largest collection of common law case law on one platform
-
Generate AI case summaries that instantly highlight key legal issues
-
Advanced search capabilities with precise filtering and sorting options
-
Comprehensive legal content with documents across 100+ jurisdictions
-
Trusted by 2 million professionals including top global firms
-
Access AI-Powered Research with Vincent AI: Natural language queries with verified citations