EXPORT PERFORMANCE IN SELECTED EMERGING ECONOMIES (BRAZIL, RUSSIA, INDIA, CHINA AND SOUTH AFRICA): VAR AND VEC MODELS
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Outros Autores: | |
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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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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1799766267026997248 |