An Analysis of BRICS Countries’ Economic Cycle Co-movement from the Perspective of Regime Dependence——An Empirical Study Based on Markov Regime-switching Model
An Analysis of BRICS Countries’ Economic Cycle Co-movement from the Perspective of Regime Dependence——An Empirical Study Based on Markov Regime-switching Model
XIONG Hao1,2
1.School of Economics:Henan University of Science and Technology, Luoyang 471022, China; 2.Research Center for Higher Education and Regional Economic Development, Henan University of Science and Technology, Luoyang 471022,China
Abstract With the seasonal GDP data from 1997 to 2012, the paper studies the co-movement of economic cycle in BRICS countries by Markov regime-switching model. It finds that there is an increase in the co-movement in BRICS countries from regime 1 to regime 3.The results show that China’s economy has an obvious positive impact in the common low-speed growth regime and common high-speed growth regime.
XIONG Hao. An Analysis of BRICS Countries’ Economic Cycle Co-movement from the Perspective of Regime Dependence——An Empirical Study Based on Markov Regime-switching Model. Economic Survey, 2014, 31(6): 058.
2014, Vol. 31 
