The Reconstruction of Brazil's Foreign Trade Series, 1821-1913

Christopher David Absell
Authors registered in the RePEc Author Service: Antonio Tena Junguito

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: To date, research on the economic history of Brazil during the nineteenth century has relied on official foreign trade statistics, the accuracy of which has repeatedly been put into question. This paper provides insights into the accuracy of the official series by examining the accuracy of the export and import series for Brazil during the nineteenth century. We re-estimate the official import series using trading partner sources, and find that the official series was marginally under-valued during certain periods of the nineteenth century. Furthermore, we provide new upper- and lower-bound estimates of the export series by testing different assumptions regarding the size of the cif-fob factor adjustments. Finally, we introduce a new import price index for the period 1827-1913.

Keywords: Brazil; Nineteenth; Century; globalization; Foreign; trade; reconstruction; Price; Indices (search for similar items in EconPapers)
JEL-codes: F14 N76 (search for similar items in EconPapers)
Date: 2017-04
New Economics Papers: this item is included in nep-agr, nep-his and nep-int
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Journal Article: THE RECONSTRUCTION OF BRAZIL’S FOREIGN TRADE SERIES, 1821-1913* (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:24511

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