DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT

Detalhes bibliográficos
Autor(a) principal: Bittencourt, Geraldo Moreira
Data de Publicação: 2014
Outros Autores: Campos, Antônio Carvalho
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33673
Resumo: The present study aims to evaluate the relationship of interdependence between the Brazilian agricultural exports, foreign direct investment in the agricultural export sector, world income and the exchange rate, and to identify which of these variables has really influenced the performance ofBrazil's agricultural exports. For this, we estimated a standard VAR model, from which was conducted the Granger Causality Test and the variance decomposition of forecast error. The analysis shows that the foreign income is an important part of the variance of the Brazilian agricultural exports, FDI in the sector has not obtained a relevant participation and that the exchange rate variable, through their effects on foreign income, had an indirect influence on agricultural exports. These results converge on the importance of direct foreign capital inflow, in the agricultural sector, be directed to create infrastructure and new production units, not allowing that the entry of foreign investment in this sector continues to be characterized as a process of internationalization of production of certain agroindustrial chains.
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spelling DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENTDETERMINANTES DAS EXPORTAÇÕES AGROPECUÁRIAS BRASILEIRAS E SUA RELAÇÃO COM O INVESTIMENTO DIRETO ESTRANGEIROExports. Foreign direct investment. Agribusiness.Q17F21.Exportações. Investimento direto estrangeiro. Agronegócio.Q17F21.The present study aims to evaluate the relationship of interdependence between the Brazilian agricultural exports, foreign direct investment in the agricultural export sector, world income and the exchange rate, and to identify which of these variables has really influenced the performance ofBrazil's agricultural exports. For this, we estimated a standard VAR model, from which was conducted the Granger Causality Test and the variance decomposition of forecast error. The analysis shows that the foreign income is an important part of the variance of the Brazilian agricultural exports, FDI in the sector has not obtained a relevant participation and that the exchange rate variable, through their effects on foreign income, had an indirect influence on agricultural exports. These results converge on the importance of direct foreign capital inflow, in the agricultural sector, be directed to create infrastructure and new production units, not allowing that the entry of foreign investment in this sector continues to be characterized as a process of internationalization of production of certain agroindustrial chains.O presente estudo tem como objetivo avaliar as relações de interdependência entre as exportações agropecuárias brasileiras, o investimento direto estrangeiro no setor agroexportador, a renda mundial e a taxa de câmbio, além de verificar quais dessas variáveis realmente têm influenciado o desempenho das exportações agrícolas do Brasil. Para tanto, estimou-se um modelo VAR padrão, a partir do qual foi realizado o teste de causalidade de Granger e a decomposição da variância do erro de previsão. A análise dos resultados mostra que a renda externa representa parte importante da variância das exportações agropecuárias brasileiras, o IDE no setor não obteve participação relevante e a variável câmbio, por meio de seus efeitos sobre a renda mundial, apresentou influência indireta sobre as exportações agrícolas. Tais resultados convergem para a importância de se direcionar o ingresso de capital estrangeiro, no setor agropecuário, para a criação de infraestrutura e novas unidades produtivas, não deixando que a entrada de investimento externo nesse setor continue se caracterizando como um processo de internacionalização da produção de certas cadeias agroindustriais.UFRGS2014-09-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/3367310.22456/2176-5456.33673Análise Econômica; Vol. 32 No. 62 (2014): setembro de 2014Análise Econômica; v. 32 n. 62 (2014): setembro de 20142176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33673/31297Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessBittencourt, Geraldo MoreiraCampos, Antônio Carvalho2014-09-15T19:00:32Zoai:seer.ufrgs.br:article/33673Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2014-09-15T19:00:32Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
DETERMINANTES DAS EXPORTAÇÕES AGROPECUÁRIAS BRASILEIRAS E SUA RELAÇÃO COM O INVESTIMENTO DIRETO ESTRANGEIRO
title DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
spellingShingle DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
Bittencourt, Geraldo Moreira
Exports. Foreign direct investment. Agribusiness.
Q17
F21.
Exportações. Investimento direto estrangeiro. Agronegócio.
Q17
F21.
title_short DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
title_full DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
title_fullStr DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
title_full_unstemmed DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
title_sort DETERMINANTS OF BRAZILIAN AGRICULTURAL EXPORTS AND ITS RELATIONSHIP WITH FOREIGN DIRECT INVESTMENT
author Bittencourt, Geraldo Moreira
author_facet Bittencourt, Geraldo Moreira
Campos, Antônio Carvalho
author_role author
author2 Campos, Antônio Carvalho
author2_role author
dc.contributor.author.fl_str_mv Bittencourt, Geraldo Moreira
Campos, Antônio Carvalho
dc.subject.por.fl_str_mv Exports. Foreign direct investment. Agribusiness.
Q17
F21.
Exportações. Investimento direto estrangeiro. Agronegócio.
Q17
F21.
topic Exports. Foreign direct investment. Agribusiness.
Q17
F21.
Exportações. Investimento direto estrangeiro. Agronegócio.
Q17
F21.
description The present study aims to evaluate the relationship of interdependence between the Brazilian agricultural exports, foreign direct investment in the agricultural export sector, world income and the exchange rate, and to identify which of these variables has really influenced the performance ofBrazil's agricultural exports. For this, we estimated a standard VAR model, from which was conducted the Granger Causality Test and the variance decomposition of forecast error. The analysis shows that the foreign income is an important part of the variance of the Brazilian agricultural exports, FDI in the sector has not obtained a relevant participation and that the exchange rate variable, through their effects on foreign income, had an indirect influence on agricultural exports. These results converge on the importance of direct foreign capital inflow, in the agricultural sector, be directed to create infrastructure and new production units, not allowing that the entry of foreign investment in this sector continues to be characterized as a process of internationalization of production of certain agroindustrial chains.
publishDate 2014
dc.date.none.fl_str_mv 2014-09-02
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33673
10.22456/2176-5456.33673
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33673
identifier_str_mv 10.22456/2176-5456.33673
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33673/31297
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 32 No. 62 (2014): setembro de 2014
Análise Econômica; v. 32 n. 62 (2014): setembro de 2014
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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