Table 1.
Relevant economic and financial characteristics of BRICS.
Table 2.
Summary of panel and country specific descriptive statistics.
Table 3.
Summary of panel and country specific (time series) unit root tests.
Table 4.
Country specific and panel correlational/multicollinearity diagnostics.
Table 5.
Summary of the fixed effect and random effect estimators and Hausman tests.
Table 6.
Summary of short run and long run panel and country specific estimates.
Table 7.
VAR causality/ block exogeneity Wald tests.