Low-Income countries’ BRIC ( Samake & Yang)

Low-income countries’ BRIC linkage: Are there crowth spillovers? by Issouf Samake and Yongzheng Yang published by IMF. “The estimation results show that there are significant direct spillovers while indirect spillovers also matters in many cases. Based on these results, we show that growing LIC-BRIC ties have significantly helped alleviate the adverse impact of the recent global financial crisis on LIC economies.”