The Impact of Exchange Rate Volatility on Brazilian Manufactured Exports

Antonio Aguirre, Afonso Ferreira () and Hilton Notini
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Hilton Notini: FGV/Graduate School of Economics (EPGE)

ECONÓMICA, 2007, vol. LIII, issue 1-2, pages 3-19

Abstract: The purpose of this paper is to examine the relation between exchange rate volatility and the volume of exports, using Brazilian data. After establishing the existence of cointegration among the variables included in our model, we estimate the long run coefficients by means of an auto-regressive distributed lag (ARDL) model. Our results show that exchange rate volatility has significantly affected —in a negative way— Brazilian manufactured exports in the period 1986–2002.

Keywords: Exchange rate volatility; cointegration; auto-regressive distributed lag models (search for similar items in EconPapers)
JEL-codes: F3 (search for similar items in EconPapers)
Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:lap:journl:553

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