The Effects of BRICS and Matik Countries on World Economy and Cointegration Analysis the Long Term Relation G-7 Growth Rates (1962-2012)

Journal of Economics and Behavioral Studies, Vol. 6, No. 3, pp. 262-272, March 2014

11 Pages Posted: 22 May 2014

See all articles by Bilal Kargi

Bilal Kargi

Aksaray University - Department of Banking and Finance

Date Written: March 1, 2014

Abstract

In this article, long term data is analyzed for the total growth of the world economy and the growth of developed (G7) and of the rapid developing economies. BRICS countries are known countries with their meetings since 2008. Rapidly developing countries such as Mexico, Argentina, Turkey, Indonesia and Korea are defined as MATIK in this analysis except the countries for BRICS meeting. Especially, the basic hypotheses of this study is that BRICS MATIK countries whose economic shares slowly increase were compared with G-7 and the global economy, i) Help of BRICS MATIK economies rapidly increase for the growth rate of world economy: ii)They’re the hypotheses that BRICS MATIK economies are cointegrated with the growth of world economy in long term. In this way, it may be possible that the help of G-7 is compared with the help of BRICS MATIK economies for the growth of world economy. The study uses the annual data of the 1962-2012 periods. Time series analysis is used to test the hypotheses. The most important finding is that BRICS MATIK economies affect the growth rate of world economy, and it constantly increases as statistic according to the help of G-7.The result has been acquired that World, G-7, and BRICS MATIK economies cointegrated in the long term.

Keywords: BRICS, MATIK, Economic Growth, Developing Countries, World Economy, Cointegration

JEL Classification: C22, O40, O57

Suggested Citation

Kargi, Bilal, The Effects of BRICS and Matik Countries on World Economy and Cointegration Analysis the Long Term Relation G-7 Growth Rates (1962-2012) (March 1, 2014). Journal of Economics and Behavioral Studies, Vol. 6, No. 3, pp. 262-272, March 2014, Available at SSRN: https://ssrn.com/abstract=2439479

Bilal Kargi (Contact Author)

Aksaray University - Department of Banking and Finance ( email )

Aksaray Üniversitesi
Şereflikoçhisar
Aksaray, Ankara 68100
Turkey

HOME PAGE: http://bilalkargi.wix.com/bilalkargix

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
63
Abstract Views
437
rank
461,940
PlumX Metrics