Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht

Detalhes bibliográficos
Autor(a) principal: Copetti, Leonardo Sangoi
Data de Publicação: 2020
Outros Autores: Coronel, Daniel Arruda
Tipo de documento: Artigo
Idioma: por
Título da fonte: Research, Society and Development
Texto Completo: https://rsdjournal.org/index.php/rsd/article/view/5441
Resumo: The objective of this work consisted on the relation exam between exchange rates and the Brazilian export prices of rice, relation defined as the pass-through of the exchange rate, having as reference the period from January, 1997 to February, 2019. For this, we estimated two models: in dollar and in baht (Thai currency). Data was collected in the sites of Ministry of Development, Industry and Foreign Trade – MDIC, Institute for Applied Economics – IPEA, Central Bank of Brazil – BCB and WORLD BANK. In this sense, we used the instrumentals of time series, especially of the Vector Error Correction Model. The results found provided indications that the pass-through degree of the exchange rate for the export prices of rice occurred in an incomplete way for dollar indicating that the depreciations of exchange rates in dollar do not translate themselves in significant gains of competitiveness, since that they do not reduce expressively the export prices. Yet, for the estimated model in baht, the pass-through was completed, indicating that the exchange variations are fully passed on to the export price in baht, indicating competitiveness.
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spelling Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and bahtTransmisión de la variación de cambio a los precios de exportación del arroz brasileño: un estudio comparativo del dólar y el bahtTransmissão da variação da taxa de câmbio para os preços de exportação brasileiros do arroz: um estudo comparativo do dólar e do bahtRiceExport pricesPass-through.ArrozPrecios de exportaciónPass-through.ArrozPreços de exportaçãoPass-through.The objective of this work consisted on the relation exam between exchange rates and the Brazilian export prices of rice, relation defined as the pass-through of the exchange rate, having as reference the period from January, 1997 to February, 2019. For this, we estimated two models: in dollar and in baht (Thai currency). Data was collected in the sites of Ministry of Development, Industry and Foreign Trade – MDIC, Institute for Applied Economics – IPEA, Central Bank of Brazil – BCB and WORLD BANK. In this sense, we used the instrumentals of time series, especially of the Vector Error Correction Model. The results found provided indications that the pass-through degree of the exchange rate for the export prices of rice occurred in an incomplete way for dollar indicating that the depreciations of exchange rates in dollar do not translate themselves in significant gains of competitiveness, since that they do not reduce expressively the export prices. Yet, for the estimated model in baht, the pass-through was completed, indicating that the exchange variations are fully passed on to the export price in baht, indicating competitiveness.El objetivo de este estudio fue examinar la relación entre las variaciones del tipo de cambio y los precios de exportación brasileños del arroz, una relación definida como el traspaso del tipo de cambio, teniendo como referencia el período de enero de 1997 a febrero de 2019. Para ambos, se estimaron dos modelos: en dólares y en baht (moneda tailandesa). Los datos se recopilaron en los sitios web del Ministerio de Desarrollo, Industria y Comercio Exterior - MDIC, el Instituto de Economía Aplicada - IPEA, el Banco Central de Brasil - BCB y el BANCO MUNDIAL. En este sentido, se utilizaron instrumentos de series temporales, especialmente el Modelo de Vector de Corrección de Errores. Los resultados encontrados proporcionaron indicios de que el grado de transferencia del tipo de cambio para los precios de exportación del arroz se produjo de manera incompleta para el dólar, lo que indica que la depreciación del tipo de cambio en dólares no se traduce en ganancias significativas de competitividad , ya que no reducen significativamente los precios de exportación. Para el modelo estimado en baht, el traspaso fue completo, lo que indica que las variaciones de cambio se transfieren completamente al precio de exportación en esa moneda, lo que indica competitividad.O objetivo deste trabalho consistiu no exame da relação entre variações cambiais e os preços de exportação brasileiros do arroz, relação definida como o pass-through da taxa de câmbio, tendo como referência o período de janeiro de 1997 a fevereiro de 2019. Para tanto, estimaram-se dois modelos: em dólar e em baht (moeda tailandesa). Os dados foram coletados nos sites do Ministério do Desenvolvimento, Indústria e Comércio Exterior – MDIC, no Instituto de Economia Aplicada – IPEA, no Banco Central do Brasil – BCB e no WORLD BANK. Neste sentido, fez-se uso dos instrumentais de séries temporais, especialmente do Modelo Vetor de Correção de Erros. Os resultados encontrados forneceram indicações de que o grau de pass-through da taxa de câmbio para os preços de exportação do arroz ocorreu de forma incompleta para o dólar, indicando que as depreciações da taxa de câmbio em dólar não se traduzem em ganhos significativos de competitividade, dado que não reduzem expressivamente os preços de exportação. Já para o modelo estimado em baht, o pass-through foi completo, indicando que as variações cambiais são integralmente repassadas ao preço de exportação nessa moeda, indicando competitividade.Research, Society and Development2020-07-16info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/544110.33448/rsd-v9i8.5441Research, Society and Development; Vol. 9 No. 8; e549985441Research, Society and Development; Vol. 9 Núm. 8; e549985441Research, Society and Development; v. 9 n. 8; e5499854412525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/5441/5147Copyright (c) 2020 Leonardo Sangoi Copetti, Daniel Arruda Coronelhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessCopetti, Leonardo SangoiCoronel, Daniel Arruda2020-08-20T18:00:17Zoai:ojs.pkp.sfu.ca:article/5441Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:28:57.294019Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false
dc.title.none.fl_str_mv Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
Transmisión de la variación de cambio a los precios de exportación del arroz brasileño: un estudio comparativo del dólar y el baht
Transmissão da variação da taxa de câmbio para os preços de exportação brasileiros do arroz: um estudo comparativo do dólar e do baht
title Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
spellingShingle Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
Copetti, Leonardo Sangoi
Rice
Export prices
Pass-through.
Arroz
Precios de exportación
Pass-through.
Arroz
Preços de exportação
Pass-through.
title_short Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
title_full Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
title_fullStr Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
title_full_unstemmed Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
title_sort Transmission of exchange rate variation for the brazilian export prices of rice: a comparative study of dollar and baht
author Copetti, Leonardo Sangoi
author_facet Copetti, Leonardo Sangoi
Coronel, Daniel Arruda
author_role author
author2 Coronel, Daniel Arruda
author2_role author
dc.contributor.author.fl_str_mv Copetti, Leonardo Sangoi
Coronel, Daniel Arruda
dc.subject.por.fl_str_mv Rice
Export prices
Pass-through.
Arroz
Precios de exportación
Pass-through.
Arroz
Preços de exportação
Pass-through.
topic Rice
Export prices
Pass-through.
Arroz
Precios de exportación
Pass-through.
Arroz
Preços de exportação
Pass-through.
description The objective of this work consisted on the relation exam between exchange rates and the Brazilian export prices of rice, relation defined as the pass-through of the exchange rate, having as reference the period from January, 1997 to February, 2019. For this, we estimated two models: in dollar and in baht (Thai currency). Data was collected in the sites of Ministry of Development, Industry and Foreign Trade – MDIC, Institute for Applied Economics – IPEA, Central Bank of Brazil – BCB and WORLD BANK. In this sense, we used the instrumentals of time series, especially of the Vector Error Correction Model. The results found provided indications that the pass-through degree of the exchange rate for the export prices of rice occurred in an incomplete way for dollar indicating that the depreciations of exchange rates in dollar do not translate themselves in significant gains of competitiveness, since that they do not reduce expressively the export prices. Yet, for the estimated model in baht, the pass-through was completed, indicating that the exchange variations are fully passed on to the export price in baht, indicating competitiveness.
publishDate 2020
dc.date.none.fl_str_mv 2020-07-16
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://rsdjournal.org/index.php/rsd/article/view/5441
10.33448/rsd-v9i8.5441
url https://rsdjournal.org/index.php/rsd/article/view/5441
identifier_str_mv 10.33448/rsd-v9i8.5441
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/5441/5147
dc.rights.driver.fl_str_mv Copyright (c) 2020 Leonardo Sangoi Copetti, Daniel Arruda Coronel
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Leonardo Sangoi Copetti, Daniel Arruda Coronel
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Research, Society and Development
publisher.none.fl_str_mv Research, Society and Development
dc.source.none.fl_str_mv Research, Society and Development; Vol. 9 No. 8; e549985441
Research, Society and Development; Vol. 9 Núm. 8; e549985441
Research, Society and Development; v. 9 n. 8; e549985441
2525-3409
reponame:Research, Society and Development
instname:Universidade Federal de Itajubá (UNIFEI)
instacron:UNIFEI
instname_str Universidade Federal de Itajubá (UNIFEI)
instacron_str UNIFEI
institution UNIFEI
reponame_str Research, Society and Development
collection Research, Society and Development
repository.name.fl_str_mv Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)
repository.mail.fl_str_mv rsd.articles@gmail.com
_version_ 1797052823769186304

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