Study on the Trade Potential of BRIC Countries - Empirical Analysis Based on Gravity Model

摘要

In recent years, BRIC countries, as a representative of emerging economies, have increasingly become an important driving force driving the global economic recovery. This paper studies the trade import and export of the BRIC countries through statistical analysis and econometric methods. First of all, based on the data of import and export of BRIC countries from 2010 to 2016, this article gives an overview of the current situation of BRIC countries' trade development, mainly from the ratio of the internal trade volume to the total export volume of the BRIC countries and the mutual import and export between the BRIC countries. Secondly, systematically calculating the international competitiveness of BRICS by calculating the dominant comparative advantage index. Thirdly, based on the data, using the gravity model to analyze the impact of inter-state. And based on this, through calculating the regression equation, this paper systematically analyzes the trade development potentials between BRIC countries. Finally, it briefly summarizes the main conclusions of this paper, and give the relevant policy recommendations.