Transmission of exchange rate variation for brazilian export prices of iron ore: a comparative study of dollar and euro
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Data de Publicação: | 2020 |
Outros Autores: | |
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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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 |
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1797052744147664896 |