Investigating the Causes of the Recent Brazilian Trade Surpluses

João Issler and Ricardo Gazel

No 24, Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA

Abstract: This paper investigates the recent boom od the Brazilian trade surplus by estimating a partial adjustment model for exports and imports. The results indicate that exports quantum is basically explained by the income of the rest of the world and by the gap of domestic output. The role of the exchange rate seemed to be negligible and sometimes contradictory vis-à-vis economic theory. The imports quantum depend solely on the evolution os the real exchange rate, and domestic output fluctuations did not impact imports.

Pages: 40 pages
Date: 2015-01
New Economics Papers: this item is included in nep-int
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ipea.gov.br/portal/images/stories/PDFs/TDs/ingles/dp_24.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipe:ipetds:0024

Access Statistics for this paper

More papers in Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA Contact information at EDIRC.
Bibliographic data for series maintained by Fabio Schiavinatto (fabio.schiavinatto@ipea.gov.br).