Impact of economic growth on international reserve holdings in Brazil

Detalhes bibliográficos
Autor(a) principal: KASHIF,MOHAMMAD
Data de Publicação: 2017
Outros Autores: SRIDHARAN,P., THIYAGARAJAN,S.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300605
Resumo: ABSTRACT This study investigated the impact of economic growth on Brazilian international reserves holdings in the context of Error Correction Mechanism using data over the 1980-2014 period. The results reveal that economic growth is highly significant. From the estimation of our model, we argue that economic growth and international reserves have positive long run relationship. Error correction estimates validated our model for error correction term is negative and statistically significant. Besides, our model suggested that economic growth has short run relationship too. The speed of adjustment is more than 40% which indicated that error correction term corrects previous year disequilibrium at the rate of 40.4%.
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spelling Impact of economic growth on international reserve holdings in BrazilBrazilEconomic GrowthError correction modelInternational reservesABSTRACT This study investigated the impact of economic growth on Brazilian international reserves holdings in the context of Error Correction Mechanism using data over the 1980-2014 period. The results reveal that economic growth is highly significant. From the estimation of our model, we argue that economic growth and international reserves have positive long run relationship. Error correction estimates validated our model for error correction term is negative and statistically significant. Besides, our model suggested that economic growth has short run relationship too. The speed of adjustment is more than 40% which indicated that error correction term corrects previous year disequilibrium at the rate of 40.4%.Centro de Economia Política2017-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300605Brazilian Journal of Political Economy v.37 n.3 2017reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572017v37n03a08info:eu-repo/semantics/openAccessKASHIF,MOHAMMADSRIDHARAN,P.THIYAGARAJAN,S.eng2018-01-08T00:00:00Zoai:scielo:S0101-31572017000300605Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2018-01-08T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Impact of economic growth on international reserve holdings in Brazil
title Impact of economic growth on international reserve holdings in Brazil
spellingShingle Impact of economic growth on international reserve holdings in Brazil
KASHIF,MOHAMMAD
Brazil
Economic Growth
Error correction model
International reserves
title_short Impact of economic growth on international reserve holdings in Brazil
title_full Impact of economic growth on international reserve holdings in Brazil
title_fullStr Impact of economic growth on international reserve holdings in Brazil
title_full_unstemmed Impact of economic growth on international reserve holdings in Brazil
title_sort Impact of economic growth on international reserve holdings in Brazil
author KASHIF,MOHAMMAD
author_facet KASHIF,MOHAMMAD
SRIDHARAN,P.
THIYAGARAJAN,S.
author_role author
author2 SRIDHARAN,P.
THIYAGARAJAN,S.
author2_role author
author
dc.contributor.author.fl_str_mv KASHIF,MOHAMMAD
SRIDHARAN,P.
THIYAGARAJAN,S.
dc.subject.por.fl_str_mv Brazil
Economic Growth
Error correction model
International reserves
topic Brazil
Economic Growth
Error correction model
International reserves
description ABSTRACT This study investigated the impact of economic growth on Brazilian international reserves holdings in the context of Error Correction Mechanism using data over the 1980-2014 period. The results reveal that economic growth is highly significant. From the estimation of our model, we argue that economic growth and international reserves have positive long run relationship. Error correction estimates validated our model for error correction term is negative and statistically significant. Besides, our model suggested that economic growth has short run relationship too. The speed of adjustment is more than 40% which indicated that error correction term corrects previous year disequilibrium at the rate of 40.4%.
publishDate 2017
dc.date.none.fl_str_mv 2017-07-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300605
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000300605
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572017v37n03a08
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.37 n.3 2017
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
_version_ 1754122482093129728

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