Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro

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/11280
Resumo: The objective of this work consisted of the examination of the relation between exchange rate variations and the Brazilian export prices of iron ore, relation defined as the pass-through of the exchange rate, having as reference the period from January, 2000 to April, 2019. For this, we estimated two models: in dollar and in euro. The data were collected in the sites of Ministry of Development, Industry and Foreign Trade (MDIC), Institute of Applied Economics (IPEA) and in the MARKET INDEX. In this sense, we made use of timeseries instrumentals, especially the Error Correction Vector Model. The results found provided indications that the pass-through degree of exchange rate for the export prices of iron ore occurred in an incomplete form, with the coefficients for dollar and euro of, respectively, 0.84 and 0.77, representing that depreciations of exchange rate do not translate themselves into significant gains of competitiveness, since that they reduce partially the export prices. 
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spelling Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euroTransmisión de la variación del tipo de cambio a los precios de exportación brasileña de mineral de hierro: un estudio comparativo del dólar y el euroTransmissão da variação da taxa de câmbio para os preços de exportação brasileiros do minério de ferro: um estudo comparativo do dólar e do euro Minério de ferroPreços de ExportaçãoPass-Through.Mineral de hierroPrecios de ExportaciónPass-Through.Iron oreExport PricesPass-Through.The objective of this work consisted of the examination of the relation between exchange rate variations and the Brazilian export prices of iron ore, relation defined as the pass-through of the exchange rate, having as reference the period from January, 2000 to April, 2019. For this, we estimated two models: in dollar and in euro. The data were collected in the sites of Ministry of Development, Industry and Foreign Trade (MDIC), Institute of Applied Economics (IPEA) and in the MARKET INDEX. In this sense, we made use of timeseries instrumentals, especially the Error Correction Vector Model. The results found provided indications that the pass-through degree of exchange rate for the export prices of iron ore occurred in an incomplete form, with the coefficients for dollar and euro of, respectively, 0.84 and 0.77, representing that depreciations of exchange rate do not translate themselves into significant gains of competitiveness, since that they reduce partially the export prices. El objetivo de este estudio fue examinar la relación entre las variaciones del tipo de cambio y los precios de exportación brasileños del mineral de hierro, relación definida como el traspaso del tipo de cambio, teniendo como referencia el período de enero de 2000 a abril de 2019. Para ello, se estimaron dos modelos: dólar y euro. Los datos fueron recolectados en los sitios web del Ministerio de Fomento, Industria y Comercio Exterior - MDIC, Instituto de Economía Aplicada - IPEA y MARKET INDEX. En este sentido, se utilizaron instrumentos de series de tiempo, especialmente el Modelo de Vector de Corrección de Errores. Los resultados encontrados arrojaron indicios de que el grado de traspaso del tipo de cambio de los precios de exportación del mineral de hierro se produjo de forma incompleta, con coeficientes para dólar y euro de, respectivamente, 0,84 y 0,77. lo que representa que las depreciaciones del tipo de cambio no se traducen en ganancias significativas de competitividad, ya que reducen parcialmente los precios de exportación.O objetivo deste trabalho consistiu no exame da relação entre variações cambiais e os preços de exportação brasileiros do minério de ferro, relação definida como o pass-through da taxa de câmbio, tendo como referência o período de janeiro de 2000 a abril de 2019. Para tanto, estimaram-se dois modelos: em dólar e em euro. Os dados foram coletados nos sites do Ministério do Desenvolvimento, Indústria e Comércio Exterior – MDIC, Instituto de Economia Aplicada – IPEA e no MARKET INDEX. Neste sentido, usaram-se os 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 minério de ferro ocorreu de forma incompleta, com os coeficientes para dólar e euro de, respectivamente, 0,84 e 0,77, representando que depreciações da taxa de câmbio não se traduzem em ganhos significativos de competitividade, uma vez que reduzem parcialmente os preços de exportação.Research, Society and Development2020-12-26info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/1128010.33448/rsd-v9i12.11280Research, Society and Development; Vol. 9 No. 12; e34291211280Research, Society and Development; Vol. 9 Núm. 12; e34291211280Research, Society and Development; v. 9 n. 12; e342912112802525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/11280/9990Copyright (c) 2020 Leonardo Sangoi Copetti; Daniel Arruda Coronelhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessCopetti, Leonardo SangoiCoronel, Daniel Arruda 2020-12-30T23:32:22Zoai:ojs.pkp.sfu.ca:article/11280Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:33:09.046247Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false
dc.title.none.fl_str_mv Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
Transmisión de la variación del tipo de cambio a los precios de exportación brasileña de mineral de hierro: un estudio comparativo del dólar y el euro
Transmissão da variação da taxa de câmbio para os preços de exportação brasileiros do minério de ferro: um estudo comparativo do dólar e do euro
title Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
spellingShingle Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
Copetti, Leonardo Sangoi
Minério de ferro
Preços de Exportação
Pass-Through.
Mineral de hierro
Precios de Exportación
Pass-Through.
Iron ore
Export Prices
Pass-Through.
title_short Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
title_full Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
title_fullStr Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
title_full_unstemmed Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
title_sort Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
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 Minério de ferro
Preços de Exportação
Pass-Through.
Mineral de hierro
Precios de Exportación
Pass-Through.
Iron ore
Export Prices
Pass-Through.
topic Minério de ferro
Preços de Exportação
Pass-Through.
Mineral de hierro
Precios de Exportación
Pass-Through.
Iron ore
Export Prices
Pass-Through.
description The objective of this work consisted of the examination of the relation between exchange rate variations and the Brazilian export prices of iron ore, relation defined as the pass-through of the exchange rate, having as reference the period from January, 2000 to April, 2019. For this, we estimated two models: in dollar and in euro. The data were collected in the sites of Ministry of Development, Industry and Foreign Trade (MDIC), Institute of Applied Economics (IPEA) and in the MARKET INDEX. In this sense, we made use of timeseries instrumentals, especially the Error Correction Vector Model. The results found provided indications that the pass-through degree of exchange rate for the export prices of iron ore occurred in an incomplete form, with the coefficients for dollar and euro of, respectively, 0.84 and 0.77, representing that depreciations of exchange rate do not translate themselves into significant gains of competitiveness, since that they reduce partially the export prices. 
publishDate 2020
dc.date.none.fl_str_mv 2020-12-26
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/11280
10.33448/rsd-v9i12.11280
url https://rsdjournal.org/index.php/rsd/article/view/11280
identifier_str_mv 10.33448/rsd-v9i12.11280
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/11280/9990
dc.rights.driver.fl_str_mv Copyright (c) 2020 Leonardo Sangoi Copetti; Daniel Arruda Coronel
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Leonardo Sangoi Copetti; Daniel Arruda Coronel
https://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. 12; e34291211280
Research, Society and Development; Vol. 9 Núm. 12; e34291211280
Research, Society and Development; v. 9 n. 12; e34291211280
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_ 1797052744147664896

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