EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS

Detalhes bibliográficos
Autor(a) principal: Carvalho, Vinícius Spirandelli
Data de Publicação: 2013
Outros Autores: Vieira, Flávio Vilela
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/20983
Resumo: This work aims to develop an empirical investigation on the main export determinants for the BRICS countries. The relevance of this empirical study is to compare among the selected emerging economies if the export determinants are distinct and to provide different lessons and subsidies to understand export dynamics for each one of these economies.  The VAR analysis reveals that external income is relevant for all economies with the exception of China; the Exchange rate is not significant for China and India; the investment rate has an important role except for South Africa; and technological effort is not relevant for Brazil and Russia. The results from the estimated VEC models indicate that the exchange rate is relevant for all economies except for India; external income was not significant for India and Russia; technological effort is not relevant only for the Brazilian economy; capital flows are not significant for South Africa and Russia; the investment rate is not statistically significant for Brazil and China; and the terms of trade is significant for Brazil and China.
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spelling EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELSEXPORTAÇÕES EM ECONOMIAS EMERGENTES SELECIONADAS (BRASIL, RÚSSIA, ÍNDIA, CHINA E ÁFRICA DO SUL): MODELOS VAR E VECExportações em economia emergentesModelos VAR e VECAnálise de decomposição da variânciaCointegraçãoF14C32O57Emerging economies exportsVAR and VEC modelsVariance decomposition analysisCointegrationF14C32O57.This work aims to develop an empirical investigation on the main export determinants for the BRICS countries. The relevance of this empirical study is to compare among the selected emerging economies if the export determinants are distinct and to provide different lessons and subsidies to understand export dynamics for each one of these economies.  The VAR analysis reveals that external income is relevant for all economies with the exception of China; the Exchange rate is not significant for China and India; the investment rate has an important role except for South Africa; and technological effort is not relevant for Brazil and Russia. The results from the estimated VEC models indicate that the exchange rate is relevant for all economies except for India; external income was not significant for India and Russia; technological effort is not relevant only for the Brazilian economy; capital flows are not significant for South Africa and Russia; the investment rate is not statistically significant for Brazil and China; and the terms of trade is significant for Brazil and China.O trabalho tem por objetivo desenvolver uma investigação empírica sobre os principais determinantes do desempenho das exportações para os países dos Brics. A importância deste estudo empírico é de comparar entre as economias emergentes selecionadas se há distinção entre os determinantes das exportações, além de subsidiar o entendimento das distintas dinâmicas das exportações em cada uma dessas economias. A análise VAR revela que: a renda externa é relevante para todas as economias, com exceção da China; a taxa de câmbio não tem relevância para a China e a Índia; a taxa de investimento tem papel importante, com exceção da África do Sul; e o esforço tecnológico não foi relevante para o Brasil e a Rússia. A estimação dos modelos VEC sugere que: a taxa de câmbio é relevante para todas as economias, com exceção da Índia; a renda externa só não se mostrou significativa para a Índia e a Rússia; o esforço tecnológico não é relevante apenas no caso da economia brasileira; os fluxos de capitais não são significativos para a África do Sul e a Rússia; a taxa de investimento não se revelou estatisticamente significativa para o Brasil e a China; e os termos de troca são relevantes apenas para o Brasil e a China.UFRGS2013-09-06info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/2098310.22456/2176-5456.20983Análise Econômica; Vol. 31 No. 60 (2013): setembro de 2013Análise Econômica; v. 31 n. 60 (2013): setembro de 20132176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/20983/26843Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessCarvalho, Vinícius SpirandelliVieira, Flávio Vilela2013-09-17T16:29:17Zoai:seer.ufrgs.br:article/20983Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2013-09-17T16:29:17Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
EXPORTAÇÕES EM ECONOMIAS EMERGENTES SELECIONADAS (BRASIL, RÚSSIA, ÍNDIA, CHINA E ÁFRICA DO SUL): MODELOS VAR E VEC
title EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
spellingShingle EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
Carvalho, Vinícius Spirandelli
Exportações em economia emergentes
Modelos VAR e VEC
Análise de decomposição da variância
Cointegração
F14
C32
O57
Emerging economies exports
VAR and VEC models
Variance decomposition analysis
Cointegration
F14
C32
O57.
title_short EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
title_full EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
title_fullStr EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
title_full_unstemmed EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
title_sort EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
author Carvalho, Vinícius Spirandelli
author_facet Carvalho, Vinícius Spirandelli
Vieira, Flávio Vilela
author_role author
author2 Vieira, Flávio Vilela
author2_role author
dc.contributor.author.fl_str_mv Carvalho, Vinícius Spirandelli
Vieira, Flávio Vilela
dc.subject.por.fl_str_mv Exportações em economia emergentes
Modelos VAR e VEC
Análise de decomposição da variância
Cointegração
F14
C32
O57
Emerging economies exports
VAR and VEC models
Variance decomposition analysis
Cointegration
F14
C32
O57.
topic Exportações em economia emergentes
Modelos VAR e VEC
Análise de decomposição da variância
Cointegração
F14
C32
O57
Emerging economies exports
VAR and VEC models
Variance decomposition analysis
Cointegration
F14
C32
O57.
description This work aims to develop an empirical investigation on the main export determinants for the BRICS countries. The relevance of this empirical study is to compare among the selected emerging economies if the export determinants are distinct and to provide different lessons and subsidies to understand export dynamics for each one of these economies.  The VAR analysis reveals that external income is relevant for all economies with the exception of China; the Exchange rate is not significant for China and India; the investment rate has an important role except for South Africa; and technological effort is not relevant for Brazil and Russia. The results from the estimated VEC models indicate that the exchange rate is relevant for all economies except for India; external income was not significant for India and Russia; technological effort is not relevant only for the Brazilian economy; capital flows are not significant for South Africa and Russia; the investment rate is not statistically significant for Brazil and China; and the terms of trade is significant for Brazil and China.
publishDate 2013
dc.date.none.fl_str_mv 2013-09-06
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/20983
10.22456/2176-5456.20983
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/20983
identifier_str_mv 10.22456/2176-5456.20983
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/20983/26843
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. 31 No. 60 (2013): setembro de 2013
Análise Econômica; v. 31 n. 60 (2013): setembro de 2013
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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