Abstract
Revealed Comparative advantage is an imperative determinant of bilateral trade. In the context of footwear export this paper examines the dynamism of revealed comparative advantage in footwear of BRICS economies. The study empirically investigates to identify those countries which exhibit comparative advantage among BRICS economies using Balassa's index (1965). The paper also employs the statistical technique to test the significant difference between the Revealed Comparative Advantage of BRICS economics by Analysis of Variance. The study covers the period from 2003 to 2013 utilizing the 2-digit HS code 64. The result of the study reveals that China and India both have the comparative advantage in footwear sector throughout the period of study in contrast to Russia and South Africa. The result also shows the most significant changes in the pattern of comparative revealed advantage of Brazil during the period of the study. The result further indicates the significance difference between the Revealed Comparative Advantage in footwear among BRICS economies. The study suggests that these international emerging economies need to follow the proactive strategies for that product in which country has the revealed comparative advantage. The government of these economies must ensure the implementation of technical and financial support to promote the export of comparative advantageous product to strengthen the economy.