Sobreapreciações cambiais e composição de comércio exterior nos países emergentes

Arbeitspapier

This paper aims at assessing the effects of real exchange rate overvaluation over the export composition for developing countries in a time span of 1970-2004. For this intent, it is estimated an exchange rate overvaluation index by using panel cointegration techniques (Dynamic Ordinary Least Squares (DOLS)). The results show that episodes of overvaluation are negative correlated with manufacturing exports share. In the long run, since such process induces the substitution of domestic for imported manufactured goods, the overvaluation of the TCR can reduce that share in emerging countries.

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• Language: Portugiesisch

References and Relationships

• Bibliographic citation: Series: Texto para Discussão ; No. 1766

Classification and Topics

• Classification: Wirtschaft ; Macroeconomic Analyses of Economic Development ; Industrialization; Manufacturing and Service Industries; Choice of Technology ; Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy ; Economic Growth of Open Economies
• Subject: exchange rates ; foreign trade ; export ; emerging countries ; Wechselkurs ; Kaufkraftparität ; Internationale Wirtschaft ; Entwicklungsländer ; Schwellenländer

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Rocha, Marcos ; Marconi, Nelson
• Event: Veröffentlichung
• (who): Instituto de Pesquisa Econômica Aplicada (IPEA)
• (where): Brasília
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/91259