The sector elasticities of Brazilian exports

an empirical analysis for the period 1999-2013

Authors

Abstract

The objective of this study is to analyze the performance of Brazilian exports of primary commodities and manufactures for the Asian, NAFTA, European Union and MERCOSUR countries between 1999 and 2013. From an extension of the Imperfect Substitutes Model, elaborated by Goldstein and Khan (1978), the Error Correction Model (ECM) was used to determine the short- and long-term elasticities. The results show that in the trade with these blocks of countries, commodities are more sensitive to external income than to other variables considered in this study. As for manufactures, the results also point to a greater influence of the variable income, except for the block of Asian countries, where the variable relative price seems to be the most important determinant and that exports of manufactured goods are more sensitive to changes in the exchange rate than exports of primary commodities.

Author Biographies

Dieison Lenon Casagrande, Universidade Federal de Pernambuco, Recife, Pernambuco, Brasil

Doutorando PIMES/UFPE e Mestre pelo  PPGE&D/UFSM

Paulo Ricardo Feistel, Universidade Federal de Santa Maria, Santa Maria, Rio Grande do Sul, Brasil

Professor do Programa de Pós-Graduação em Economia e Desenvolvimento - PPGE&D  e do Departamento de Economia da Universidade Federal de Santa Maria -UFSM

Álvaro Barrantes Hidalgo, Universidade Federal de Pernambuco e Pesquisador do Conselho Nacional de Desenvolvimento Científico e Tecnológico, Recife, Pernambuco, Brasil

Doutor em Economia pela Universidade de São Paulo. Professor do Departamento de Economia e do Programa de Pós-Graduação em Economia (PIMES) da Universidade Federal de Pernambuco (UFPE) e Pesquisador do Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq).

André Filipe Azevedo, Universidade do Vale do Rio dos Sinos, São Leopoldo, Rio Grande do Sul, Brasil

Professor do Mestrado em Economia e do Mestrado Profissional em Gestão e Negócios/ Unisinos e Pesquisador do Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq).

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Published

2019-05-10

How to Cite

CASAGRANDE, D. L.; FEISTEL, P. R.; HIDALGO, Álvaro B.; AZEVEDO, A. F. The sector elasticities of Brazilian exports: an empirical analysis for the period 1999-2013. Nova Economia, [S. l.], v. 29, n. 1, p. 193–222, 2019. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3072. Acesso em: 17 jul. 2024.

Issue

Vol. 29 No. 1 (2019)

Section

Regular Issue

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