Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil
Autor(a) principal: | |
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Data de Publicação: | 2024 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Economia Aplicada |
Texto Completo: | https://www.revistas.usp.br/ecoa/article/view/221390 |
Resumo: | We test for the Brazilian economy three theories for the determination of the real exchange rate: 1. The theory of the Purchase Power Parity (PPP) relative, which implies constant real exchange rate; 2. The hypothesis of the relative variation of the productivity, which asserts that the increase of the productivity differential between producer sector of traded goods and the producer sector of no traded goods of a country regarding other countries carries to the real valorization ofthe exchange rate; 3. The transfers effect, which affirms that the income transfers abroad generate real devaluation of the exchange rate, and the transfers receipt generates valorization. The results carried to the rejection of PPP relative and to the confirmation of the importance of the relative variation of the productivity and of the transfers effect in the determination of the real exchange rate of Brazil. The rejection of PPP relative implies do not there be a constant balance rate, to the which the exchange rate always would return. And the importance of the relative variation ofthe productivity and ofthe transfers effect makes the rate ofreal exchange rate be subject the flotations certain for real variables, like the relative productivity abroad and the net external passive. |
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Economia Aplicada |
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Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o BrasilPurchase Power Paritytransfers effectBalassa-SamuelsonWe test for the Brazilian economy three theories for the determination of the real exchange rate: 1. The theory of the Purchase Power Parity (PPP) relative, which implies constant real exchange rate; 2. The hypothesis of the relative variation of the productivity, which asserts that the increase of the productivity differential between producer sector of traded goods and the producer sector of no traded goods of a country regarding other countries carries to the real valorization ofthe exchange rate; 3. The transfers effect, which affirms that the income transfers abroad generate real devaluation of the exchange rate, and the transfers receipt generates valorization. The results carried to the rejection of PPP relative and to the confirmation of the importance of the relative variation of the productivity and of the transfers effect in the determination of the real exchange rate of Brazil. The rejection of PPP relative implies do not there be a constant balance rate, to the which the exchange rate always would return. And the importance of the relative variation ofthe productivity and ofthe transfers effect makes the rate ofreal exchange rate be subject the flotations certain for real variables, like the relative productivity abroad and the net external passive.Universidade de São Paulo, FEA-RP/USP2024-01-17info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/22139010.11606/1413-8050/ea221390Economia Aplicada; Vol. 9 No. 1 (2005); 77-102Economia Aplicada; v. 9 n. 1 (2005); 77-102Economia Aplicada; Vol. 9 Núm. 1 (2005); 77-1021980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/221390/202529Copyright (c) 2005 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessBraga, Ailton 2024-01-17T17:39:15Zoai:revistas.usp.br:article/221390Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2024-01-17T17:39:15Economia Aplicada - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
title |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
spellingShingle |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil Braga, Ailton Purchase Power Parity transfers effect Balassa-Samuelson |
title_short |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
title_full |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
title_fullStr |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
title_full_unstemmed |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
title_sort |
Determinantes da taxa de câmbio real, teoria e evidencias empíricas: uma aplicação para o Brasil |
author |
Braga, Ailton |
author_facet |
Braga, Ailton |
author_role |
author |
dc.contributor.author.fl_str_mv |
Braga, Ailton |
dc.subject.por.fl_str_mv |
Purchase Power Parity transfers effect Balassa-Samuelson |
topic |
Purchase Power Parity transfers effect Balassa-Samuelson |
description |
We test for the Brazilian economy three theories for the determination of the real exchange rate: 1. The theory of the Purchase Power Parity (PPP) relative, which implies constant real exchange rate; 2. The hypothesis of the relative variation of the productivity, which asserts that the increase of the productivity differential between producer sector of traded goods and the producer sector of no traded goods of a country regarding other countries carries to the real valorization ofthe exchange rate; 3. The transfers effect, which affirms that the income transfers abroad generate real devaluation of the exchange rate, and the transfers receipt generates valorization. The results carried to the rejection of PPP relative and to the confirmation of the importance of the relative variation of the productivity and of the transfers effect in the determination of the real exchange rate of Brazil. The rejection of PPP relative implies do not there be a constant balance rate, to the which the exchange rate always would return. And the importance of the relative variation ofthe productivity and ofthe transfers effect makes the rate ofreal exchange rate be subject the flotations certain for real variables, like the relative productivity abroad and the net external passive. |
publishDate |
2024 |
dc.date.none.fl_str_mv |
2024-01-17 |
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://www.revistas.usp.br/ecoa/article/view/221390 10.11606/1413-8050/ea221390 |
url |
https://www.revistas.usp.br/ecoa/article/view/221390 |
identifier_str_mv |
10.11606/1413-8050/ea221390 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/221390/202529 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2005 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2005 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
dc.source.none.fl_str_mv |
Economia Aplicada; Vol. 9 No. 1 (2005); 77-102 Economia Aplicada; v. 9 n. 1 (2005); 77-102 Economia Aplicada; Vol. 9 Núm. 1 (2005); 77-102 1980-5330 1413-8050 reponame:Economia Aplicada instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Economia Aplicada |
collection |
Economia Aplicada |
repository.name.fl_str_mv |
Economia Aplicada - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
||revecap@usp.br |
_version_ |
1800221692743647232 |