Does Trade With the BRICS Impact Economic Growth in Sub-Saharan Africa?

  • TCHITCHOUA Jean University of e Yaoundé II FSEG, Cameroun
  • NGUEKENG Bernard University of e Yaoundé II FSEG, Cameroun
Keywords: Trade, economic growth, Sub-Saharan Africa, BRICS, GMM system

Abstract

This paper analyses the effects of BRICS’s trade on the economic growth of sub-Saharan African countries. An estimated model in panel data by system-generalized time methods was used from 1995 to 2017. The results show that BRICS’s trade contributes positively, but not substantially, to economic growth in Sub-Saharan Africa. The strong demand for natural resources favors this growth, especially in countries with high resources. But, strong demands of African countries' manufactured products significantly inhibit local production levels. The results of the study suggest that African leaders work to transform these natural resources more or less extensively before they are exported. This transformation leads to greater added value while limiting imports of natural resources into manufactured products. Simile limitations would also boost domestic production if finished products had been limited to intermediates and machinery.

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Published
2021-06-06
How to Cite
Jean, T., & Bernard, N. (2021). Does Trade With the BRICS Impact Economic Growth in Sub-Saharan Africa?. Roa Iktissadia Review, 11(1), 713-728. Retrieved from https://roair.info/index.php/roair/article/view/266
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Articles