Effects of interest and exchange rate policies on Brazilian exports

Artikel

In heterodox literature, the industrial sector is considered strategic for economic development. Consequently, reducing the contribution of this sector in the production of the country before it has reached the stage of economic maturity, affects the productive dynamics and slow technical progress. The appreciation of the real exchange rate is seen as one of the factors responsible for the reduction of the external competitiveness of Brazilian manufactures, and this exchange rate valuation may be occurring due to the differences between domestic and international interest rates. Given this context, the aim of this study is to evaluate the impact of changes in the monetary and exchange rate policy and in the composition of the total exports on the performance of the Brazilian economy using a structuralist model. The results reinforce the importance of the manufacturing sector to economic growth, especially in a competitive exchange rate environment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: EconomiA ; ISSN: 1517-7580 ; Volume: 17 ; Year: 2016 ; Issue: 1 ; Pages: 77-95 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Wirtschaft
• Subject: Exports ; Economic growth ; Economic policy ; Exportações ; Crescimento Econômico ; Política Econômica

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sonaglio, Cláudia Maria ; Campos, Antonio Carvalho ; Braga, Marcelo José
• Event: Veröffentlichung
• (who): Elsevier
• (where): Amsterdam
• (when): 2016

Further information

• DOI: doi:10.1016/j.econ.2016.01.002
• Handle: http://hdl.handle.net/10419/179613
• Last update: 10.03.2025, 11:42 AM CET