Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Repositório Institucional da UFG |
Texto Completo: | http://repositorio.bc.ufg.br/tede/handle/tede/9730 |
Resumo: | There is an important empirical literature that tries to demonstrate the misalignment of the real rate of exchange effects on economic growth. This literature is divided into at least two main approaches: the first, inspired by the Washington Consensus literature, argues that misalignment of the real exchange rate is prejudicial to economic growth, while the second admits that the undervaluation of the real exchange rate favors product expansion. Rodrik’s studies (2008) are one of main references of this approach. In this context, this dissertation advances in the literature when presenting new econometric evidences for this relation, contemplating a sample of sixty-five developing countries and thirty-one developed countries, observed in the period of 2001 to 2014. A control variables in the growth model is the economic complexity index (ECI), understood as a possible proxy for the level of echnological development, since as the same is more present in the tradable sector goods than in the nontradable goods. In methodological terms, the panel data model with fixed effects was used. The results of the model proposed indicate that the real exchange rate misalignment index coefficient is positive and significant, thus providing empirical support for the hypothesis that the maintenance of an undervalued real exchange rate tends to have a positive impact on economic growth. |
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Meyrelles Filho, Sérgio Fornazierhttp://lattes.cnpq.br/9533124727129779Missio, Fabrício Joséhttp://lattes.cnpq.br/5047485742216555Meyrelles Filho, Sérgio FornazierMissio, Fabrício JoséMonsueto, Sandro EduardoLucena, Andréa Freire dehttp://lattes.cnpq.br/9232231763531566Kamenach, Kerssia Preda2019-06-24T13:25:32Z2019-05-23KAMENACH, K. P. Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014. 2019. 54 f. Dissertação (Mestrado em Economia) - Universidade Federal de Goiás, Goiânia, 2019.http://repositorio.bc.ufg.br/tede/handle/tede/9730There is an important empirical literature that tries to demonstrate the misalignment of the real rate of exchange effects on economic growth. This literature is divided into at least two main approaches: the first, inspired by the Washington Consensus literature, argues that misalignment of the real exchange rate is prejudicial to economic growth, while the second admits that the undervaluation of the real exchange rate favors product expansion. Rodrik’s studies (2008) are one of main references of this approach. In this context, this dissertation advances in the literature when presenting new econometric evidences for this relation, contemplating a sample of sixty-five developing countries and thirty-one developed countries, observed in the period of 2001 to 2014. A control variables in the growth model is the economic complexity index (ECI), understood as a possible proxy for the level of echnological development, since as the same is more present in the tradable sector goods than in the nontradable goods. In methodological terms, the panel data model with fixed effects was used. The results of the model proposed indicate that the real exchange rate misalignment index coefficient is positive and significant, thus providing empirical support for the hypothesis that the maintenance of an undervalued real exchange rate tends to have a positive impact on economic growth.Existe uma importante literatura empírica que procura demonstrar os efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico. Esses trabalhos dividem-se em ao menos em duas abordagens principais: a primeira, inspirada na literatura do Consenso de Washington, argumenta que o desalinhamento da taxa real de câmbio é prejudicial ao crescimento econômico, enquanto a segunda admite que a subvalorização da taxa real de câmbio favorece a expansão do produto. O trabalho de Rodrik (2008) é uma das principais referências desta abordagem. Nesse contexto, este trabalho avança na literatura ao apresentar novas evidências econométricas para essa relação, contemplando-se uma amostra de sessenta e cinco países em desenvolvimento e trinta e um países desenvolvidos, observados no período de 2001 a 2014.Uma das variáveis de controle no modelo de crescimento é o índice de complexidade econômica (ICE), entendido como possível proxy para o nível de desenvolvimento tecnológico, uma vez que o mesmo está mais presente no setor de bens comercializável, do que no setor de bens não comercializável. Em termos metodológicos, utiliza-se o modelo de dados em painel com efeitos fixos. Os resultados do modelo indicam que o coeficiente do índice de desalinhamento da taxa real de câmbio é positivo e significativo, fornecendo-se assim suporte empírico para a hipótese de que a manutenção de uma taxa real de câmbio subvalorizada tende a impactar positivamente sobre o crescimento econômico.Submitted by Ana Caroline Costa (ana_caroline212@hotmail.com) on 2019-06-19T19:11:35Z No. of bitstreams: 2 Dissertação - Kerssia Preda Kamenach - 2019.pdf: 1206296 bytes, checksum: 7fb56add22c74934c59d82253a9ddbcd (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5)Approved for entry into archive by Luciana Ferreira (lucgeral@gmail.com) on 2019-06-24T13:25:32Z (GMT) No. of bitstreams: 2 Dissertação - Kerssia Preda Kamenach - 2019.pdf: 1206296 bytes, checksum: 7fb56add22c74934c59d82253a9ddbcd (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5)Made available in DSpace on 2019-06-24T13:25:32Z (GMT). No. of bitstreams: 2 Dissertação - Kerssia Preda Kamenach - 2019.pdf: 1206296 bytes, checksum: 7fb56add22c74934c59d82253a9ddbcd (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) Previous issue date: 2019-05-23Fundação de Amparo à Pesquisa do Estado de Goiás - FAPEGapplication/pdfporUniversidade Federal de GoiásPrograma de Pós-graduação em Economia (FACE)UFGBrasilFaculdade de Administração, Ciências Contábeis e Ciências Econômicas - FACE (RG)http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessCrescimento econômicoDesalinhamento cambialSubvalorizaçãoTaxa real de câmbioEconomic growthExchange misalignmentUndervaluationReal exchange rateCIENCIAS SOCIAIS APLICADAS::ECONOMIAEfeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014Effects of the misalignment of the real exchange rate on economic growth, 2001-2014info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis6547073815134037611600600600600437125377651663904-2504903392600098822-961409807440757778reponame:Repositório Institucional da UFGinstname:Universidade Federal de Goiás (UFG)instacron:UFGLICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
dc.title.alternative.eng.fl_str_mv |
Effects of the misalignment of the real exchange rate on economic growth, 2001-2014 |
title |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
spellingShingle |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 Kamenach, Kerssia Preda Crescimento econômico Desalinhamento cambial Subvalorização Taxa real de câmbio Economic growth Exchange misalignment Undervaluation Real exchange rate CIENCIAS SOCIAIS APLICADAS::ECONOMIA |
title_short |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
title_full |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
title_fullStr |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
title_full_unstemmed |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
title_sort |
Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014 |
author |
Kamenach, Kerssia Preda |
author_facet |
Kamenach, Kerssia Preda |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Meyrelles Filho, Sérgio Fornazier |
dc.contributor.advisor1Lattes.fl_str_mv |
http://lattes.cnpq.br/9533124727129779 |
dc.contributor.advisor-co1.fl_str_mv |
Missio, Fabrício José |
dc.contributor.advisor-co1Lattes.fl_str_mv |
http://lattes.cnpq.br/5047485742216555 |
dc.contributor.referee1.fl_str_mv |
Meyrelles Filho, Sérgio Fornazier |
dc.contributor.referee2.fl_str_mv |
Missio, Fabrício José |
dc.contributor.referee3.fl_str_mv |
Monsueto, Sandro Eduardo |
dc.contributor.referee4.fl_str_mv |
Lucena, Andréa Freire de |
dc.contributor.authorLattes.fl_str_mv |
http://lattes.cnpq.br/9232231763531566 |
dc.contributor.author.fl_str_mv |
Kamenach, Kerssia Preda |
contributor_str_mv |
Meyrelles Filho, Sérgio Fornazier Missio, Fabrício José Meyrelles Filho, Sérgio Fornazier Missio, Fabrício José Monsueto, Sandro Eduardo Lucena, Andréa Freire de |
dc.subject.por.fl_str_mv |
Crescimento econômico Desalinhamento cambial Subvalorização Taxa real de câmbio |
topic |
Crescimento econômico Desalinhamento cambial Subvalorização Taxa real de câmbio Economic growth Exchange misalignment Undervaluation Real exchange rate CIENCIAS SOCIAIS APLICADAS::ECONOMIA |
dc.subject.eng.fl_str_mv |
Economic growth Exchange misalignment Undervaluation Real exchange rate |
dc.subject.cnpq.fl_str_mv |
CIENCIAS SOCIAIS APLICADAS::ECONOMIA |
description |
There is an important empirical literature that tries to demonstrate the misalignment of the real rate of exchange effects on economic growth. This literature is divided into at least two main approaches: the first, inspired by the Washington Consensus literature, argues that misalignment of the real exchange rate is prejudicial to economic growth, while the second admits that the undervaluation of the real exchange rate favors product expansion. Rodrik’s studies (2008) are one of main references of this approach. In this context, this dissertation advances in the literature when presenting new econometric evidences for this relation, contemplating a sample of sixty-five developing countries and thirty-one developed countries, observed in the period of 2001 to 2014. A control variables in the growth model is the economic complexity index (ECI), understood as a possible proxy for the level of echnological development, since as the same is more present in the tradable sector goods than in the nontradable goods. In methodological terms, the panel data model with fixed effects was used. The results of the model proposed indicate that the real exchange rate misalignment index coefficient is positive and significant, thus providing empirical support for the hypothesis that the maintenance of an undervalued real exchange rate tends to have a positive impact on economic growth. |
publishDate |
2019 |
dc.date.accessioned.fl_str_mv |
2019-06-24T13:25:32Z |
dc.date.issued.fl_str_mv |
2019-05-23 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
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masterThesis |
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publishedVersion |
dc.identifier.citation.fl_str_mv |
KAMENACH, K. P. Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014. 2019. 54 f. Dissertação (Mestrado em Economia) - Universidade Federal de Goiás, Goiânia, 2019. |
dc.identifier.uri.fl_str_mv |
http://repositorio.bc.ufg.br/tede/handle/tede/9730 |
identifier_str_mv |
KAMENACH, K. P. Efeitos do desalinhamento da taxa real de câmbio sobre o crescimento econômico, 2001-2014. 2019. 54 f. Dissertação (Mestrado em Economia) - Universidade Federal de Goiás, Goiânia, 2019. |
url |
http://repositorio.bc.ufg.br/tede/handle/tede/9730 |
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por |
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por |
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6547073815134037611 |
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600 600 600 600 |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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openAccess |
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Universidade Federal de Goiás |
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Programa de Pós-graduação em Economia (FACE) |
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UFG |
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Brasil |
dc.publisher.department.fl_str_mv |
Faculdade de Administração, Ciências Contábeis e Ciências Econômicas - FACE (RG) |
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Universidade Federal de Goiás |
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