Exchange rate, xports and growth: an investigation on the hypothesis of Dutch disease in Brazil

Michele Polline Veríssimo () and Clesio Lourenço Xavier ()

Brazilian Journal of Political Economy, 2013, vol. 33, issue 1, 82-101

Abstract: This paper investigates the hypothesis of Dutch disease in Brazil by the existence of a negative relationship between commodity exports and the real exchange rate, and the effects of export specialization in commodities on the Brazilian economic growth from 1999 to 2010 based on VAR model. The evidences suggested an expressive importance of commodities exports in explaining the real exchange rate changes. Moreover, commodities exports shocks were relevant to explain Brazilian economic growth rate changes, which supports the “curse” of natural resources literature. JEL Classification: F37; F17; O24.

Keywords: exports; commodities; exchange rate; growth; Brazil (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:33:y:2013:i:1:p:82-101:id:302

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