Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220113 
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper No. 24
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
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.
Document Type: 
Working Paper

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