- Title
- The effect of factor endowment on BRICS countries export diversification
- Creator
- Olisa,Onyiyechukwu Rebecca
- Subject
- Factor proportions
- Subject
- Brics countries
- Date Issued
- 2022-12
- Date
- 2022-12
- Type
- Master's theses
- Type
- Thesis
- Identifier
- http://hdl.handle.net/10948/60037
- Identifier
- vital:62787
- Description
- Historically, the expansion of a nation’s export portfolio has always been considered as an important agenda for economic growth, regardless of the nation’s abundant factor of production. In recent decades, the shift in attention of developing nations from export concentration towards export diversification has increased. This is because of the increasing volatility of exports across the globe. This study is therefore conducted to determine the effect of land, human and capital endowments on the BRICS countries’ export diversification. This study utilises the data from the individual BRICS countries from 1995 to 2019 and makes use of the ARDL model, the ridge, lasso, elastic net regressions and quantile regression to determine the long-run and short-run effects. The results of this study show that in Brazil, Russia, India, China and South Africa land endowment promotes export diversification in the long-run. In the short-run it promotes export concentration in Brazil, Russia, India and China. Human endowment promotes export diversification in China in both the long-run and the short-run. For Brazil and South Africa, human endowment only promotes export diversification in the short-run and not the long-run. For Russia and India, in the short-run human endowment promotes export diversification, in the long-run it depends on the regression method utilised. Capital endowment promotes export diversification in Brazil, India, China and South Africa in the short-run. In the long-run depending on the methods, capital endowment promotes export diversification in Brazil, Russia and China. In India and South Africa, capital endowment promotes export concentration and not export diversification in the long-run. This therefore implies that, for the individual BRICS countries, policy makers need to implement the appropriate policies that will enable the positive effect of factor endowment on export diversification, in either/both the long-run and the short-run.
- Description
- Thesis (MCom) -- Faculty of Business and Economics Science, 2022
- Format
- computer
- Format
- online resource
- Format
- Format
- 1 online resource (105 pages)
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economics Science
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Olisa,O Dec 2022.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |