The Export of Commodities and the Validity of the Export-Led Growth (ELG) Hypothesis for the Brazilian Economy: An Analysis of the Commodity Boom Period

Fagundes Carrara Aniela () and Luiz Pesquero Tiago ()
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Fagundes Carrara Aniela: Universidade Federal de Rondonópolis – UFR, Rondonopolis, Brazil
Luiz Pesquero Tiago: Federal University of Mato Grosso – UFMT, Rondonópolis, Brazil

Journal of Time Series Econometrics, 2022, vol. 14, issue 1, 87-106

Abstract: The present study examines the Brazilian economy in the light of the export-led growth (ELG) hypothesis, in order to examine if this hypothesis is valid for periods in which commodities occupy a significant part of exports, for this reason, for the period known as the “commodity boom”. In order to address the proposed objective, the estimation method used was the autoregression with vector error correction (VEC) in its structural version. The results suggest that the economic growth that occurred in Brazil during the analysed period does not corroborate the ELG hypothesis, which is endorsed by results obtained in similar studies.

Keywords: commodities; export-led growth; exports (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1515/jtse-2020-0034

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