Vesna Jablanovic – University of Belgrade, Faculty of Agriculture, Nemanjina 6, 11081 Belgrade, Serbia
Keywords:
Productivity;
BRICS;
Stability
Abstract: The BRICS countries are a group of five emerging markets and developing countries – Brazil, Russia, India, China and South Africa. Six new member countries (Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates) will officially join the group in January 2024. The main aim of this paper is to analyze the productivity growth stability in the BRICS counยญtries in the period 1991-2022. This paper confirms the existence of stable proยญductivity growth in the observed countries in the observed period.
Download file
LIMEN Conference
9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023
LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia
LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023
Creative Commons Nonย Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.ย
Suggested citation
Jablanovic, V. (2023). The Chaotic Productivity Growth Model: BRICS. In V. Bevanda (Ed.), International Scientific-Business Conference – LIMEN 2023: Vol 9. Conference Proceedings (pp. 125-130). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/LIMEN.2023.125
References
Abbas, Q., HongXing, Y., Ramzan, M., & Fatima, S. (2023). BRICS and the climate chalยญlenge: navigating the role of factor productivity and institutional quality in CO2 emissions. Environmental Science and Pollution Research, 31(3), 4348-4364. https://doi.org/10.1007/s11356-023-31321-xย ย
de Vries, G. J., Erumban, A. A., Timmer, M. P., Voskoboynikov, I., & Wu, H. X. (2012). Deconยญstructing the BRICs: Structural transformation and aggregate productivity growth. Jourยญnal of Comparative Economics, 40(2), 211-227. https://doi.org/10.1016/j.jce.2012.02.004ย
Krugman, P. (1997). Defining and Measuring Productivity. The Age of Diminishing Expectaยญtions, 3rd edition. The MIT Press.
Kurt, S., & Kurt, ร. (2015). Innovation and Labour Productivity in BRICS Countries: Panel Causality and Co-integration. Procedia – Social and Behavioral Sciences, 195, 1295-1302. https://doi.org/10.1016/j.sbspro.2015.06.296ย
Li, T.-Y., & Yorke, J. A. (1975). Period Three Implies Chaos. The American Mathematical Monthly, 82(10), 985. https://doi.org/10.2307/2318254ย
Lorenz, E. N. (1963). Deterministic Nonperiodic Flow. Journal of the Atmospheric Sciences, 20(2), 130-141. https://doi.org/10.1175/1520-0469(1963)020<0130:dnf>2.0.co;2ย
Mallick, J. (2015). Globalization, Structural Change and Labour Productivity Growth in BRICS Economy, FIW Working Paper, No. 141, FIW – Research Centre International Economics, Vienna. https://www.econstor.eu/bitstream/10419/121142/1/N_141.pdfย
May, R. M. (1976). Simple mathematical models with very complicated dynamics. Nature, 261(5560), 459-467. https://doi.org/10.1038/261459a0ย
Qi, J., Hussain, J., Yin, Y., & Khan, A. (2023). Agricultural productivity-environmental sustainยญability nexus through the lens of digitalization and energy intensity in BRICS countries. Review of Development Economics. Advance online publication. https://doi.org/10.1111/rode.13045ย ย
Rehman, F. U., & Islam, M. M. (2023). Financial infrastructureโtotal factor productivity (TFP) nexus within the purview of FDI outflow, trade openness, innovation, human capital and institutional quality: Evidence from BRICS economies. Applied Economics, 55(7), 783- 801. https://doi.org/10.1080/00036846.2022.2094333ย
Shah, M. I., Usman, M., Obekpa, H. O., & Abbas, S. (2022). Nexus between environmental vulยญnerability and agricultural productivity in BRICS: what are the roles of renewable energy, environmental policy stringency, and technology? Environmental Science and Pollution Research, 30(6), 15756-15774. https://doi.org/10.1007/s11356-022-23179-2ย
World Bank. (n.d.). GDP per capita, PPP (constant 2017 international $) – BRICS. Retrieved from https://data.worldbank.org/indicator/SL.GDP.PCAP.EM.KD?locations=XDย
