Cliometric determinants of gold standard adoption: the Brazillian case
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Informe Gepec (Online) |
Texto Completo: | https://e-revista.unioeste.br/index.php/gepec/article/view/6812 |
Resumo: | This note investigates the econometrics of the determinants of the adoption, by the Brazilian government, of the Gold Standard. The literature emphasizes the importance of the commodities prices, inflation, the credibility due to the standard, the economic crisis (external shocks) and internal recessions as determinants in the decision of a government to stay (or to adopt) or not in the Gold Standard. The estimated coefficients show the right signs, and the proxies of credibility and inflation seems to be more important in terms of the magnitude of their coefficients. However, we found that the proxy of crisis has the wrong sign. We also discuss the marginal effect of each variable through the years of the sample. |
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|
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Cliometric determinants of gold standard adoption: the Brazillian caseA Adesão ao padrão-ouro e seus determinantes cliométricos: o caso do BrasilCliometriaPadrão OuroBrasilThis note investigates the econometrics of the determinants of the adoption, by the Brazilian government, of the Gold Standard. The literature emphasizes the importance of the commodities prices, inflation, the credibility due to the standard, the economic crisis (external shocks) and internal recessions as determinants in the decision of a government to stay (or to adopt) or not in the Gold Standard. The estimated coefficients show the right signs, and the proxies of credibility and inflation seems to be more important in terms of the magnitude of their coefficients. However, we found that the proxy of crisis has the wrong sign. We also discuss the marginal effect of each variable through the years of the sample.Esta nota objetiva investigar, econometricamente, os determinantes da adoção do padrão-ouro por parte do Brasil. A literatura destaca a importância dos preços das commodities (café e borracha), dos problemas inflacionários, da credibilidade inerente ao padrão-ouro, das crises econômicas (choques externos) e internas na decisão de um governo permanecer (ou aderir ao padrão) ou abandonar o padrão-ouro. Os coeficientes estimados apresentaram os sinais esperados, com destaque para a credibilidade e a inflação, mas oposto ao esperado para o coeficiente da dummy de choques externos. Apresenta-se também uma discussão sobre o impacto marginal de cada variável ao longo dos anos da amostra.EdUnioeste2014-06-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://e-revista.unioeste.br/index.php/gepec/article/view/681210.48075/igepec.v17i2.6812Informe GEPEC; v. 17 n. 2 (2013); 70-801679-415X1676-067010.48075/igepec.v17i2reponame:Informe Gepec (Online)instname:Universidade Estadual do Oeste do Paraná (UNIOESTE)instacron:UNIOESTEporhttps://e-revista.unioeste.br/index.php/gepec/article/view/6812/7268Shikida, Cláudio D.Lemos, Clarice SolleroAraujo Jr, Ari Franciscoinfo:eu-repo/semantics/openAccess2023-05-16T22:13:23Zoai:ojs.e-revista.unioeste.br:article/6812Revistahttps://e-revista.unioeste.br/index.php/gepecPUBhttps://e-revista.unioeste.br/index.php/gepec/oairevista.gepec@gmail.com1679-415X1676-0670opendoar:2023-05-16T22:13:23Informe Gepec (Online) - Universidade Estadual do Oeste do Paraná (UNIOESTE)false |
dc.title.none.fl_str_mv |
Cliometric determinants of gold standard adoption: the Brazillian case A Adesão ao padrão-ouro e seus determinantes cliométricos: o caso do Brasil |
title |
Cliometric determinants of gold standard adoption: the Brazillian case |
spellingShingle |
Cliometric determinants of gold standard adoption: the Brazillian case Shikida, Cláudio D. Cliometria Padrão Ouro Brasil |
title_short |
Cliometric determinants of gold standard adoption: the Brazillian case |
title_full |
Cliometric determinants of gold standard adoption: the Brazillian case |
title_fullStr |
Cliometric determinants of gold standard adoption: the Brazillian case |
title_full_unstemmed |
Cliometric determinants of gold standard adoption: the Brazillian case |
title_sort |
Cliometric determinants of gold standard adoption: the Brazillian case |
author |
Shikida, Cláudio D. |
author_facet |
Shikida, Cláudio D. Lemos, Clarice Sollero Araujo Jr, Ari Francisco |
author_role |
author |
author2 |
Lemos, Clarice Sollero Araujo Jr, Ari Francisco |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Shikida, Cláudio D. Lemos, Clarice Sollero Araujo Jr, Ari Francisco |
dc.subject.por.fl_str_mv |
Cliometria Padrão Ouro Brasil |
topic |
Cliometria Padrão Ouro Brasil |
description |
This note investigates the econometrics of the determinants of the adoption, by the Brazilian government, of the Gold Standard. The literature emphasizes the importance of the commodities prices, inflation, the credibility due to the standard, the economic crisis (external shocks) and internal recessions as determinants in the decision of a government to stay (or to adopt) or not in the Gold Standard. The estimated coefficients show the right signs, and the proxies of credibility and inflation seems to be more important in terms of the magnitude of their coefficients. However, we found that the proxy of crisis has the wrong sign. We also discuss the marginal effect of each variable through the years of the sample. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-06-05 |
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://e-revista.unioeste.br/index.php/gepec/article/view/6812 10.48075/igepec.v17i2.6812 |
url |
https://e-revista.unioeste.br/index.php/gepec/article/view/6812 |
identifier_str_mv |
10.48075/igepec.v17i2.6812 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://e-revista.unioeste.br/index.php/gepec/article/view/6812/7268 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
EdUnioeste |
publisher.none.fl_str_mv |
EdUnioeste |
dc.source.none.fl_str_mv |
Informe GEPEC; v. 17 n. 2 (2013); 70-80 1679-415X 1676-0670 10.48075/igepec.v17i2 reponame:Informe Gepec (Online) instname:Universidade Estadual do Oeste do Paraná (UNIOESTE) instacron:UNIOESTE |
instname_str |
Universidade Estadual do Oeste do Paraná (UNIOESTE) |
instacron_str |
UNIOESTE |
institution |
UNIOESTE |
reponame_str |
Informe Gepec (Online) |
collection |
Informe Gepec (Online) |
repository.name.fl_str_mv |
Informe Gepec (Online) - Universidade Estadual do Oeste do Paraná (UNIOESTE) |
repository.mail.fl_str_mv |
revista.gepec@gmail.com |
_version_ |
1796797390634614784 |