TRANSMISSION OF EXCHANGE RATE VARIATION FOR BRAZILIAN SOYBEAN GRAIN EXPORT PRICES: A COMPARATIVE STUDY OF DOLLAR AND EURO

Authors

  • Leonardo Sangoi Copetti Universidade Federal de Santa Maria (UFSM)
  • Daniel Arruda Coronel Universidade Federal de Santa Maria (UFSM)

DOI:

https://doi.org/10.21527/2237-6453.2020.50.166-185

Keywords:

Soybean grain; Export Prices; Pass-Through.

Abstract

The aim of this work consisted in the relation exam between exchange rate variations and the Brazilian soybean grain export prices, relation defined as the pass-through of exchange rate, having as reference the period from January, 2000 until December, 2018. For this, we estimated two models: in dollar and in euro. The data was collected from the sites of Institute for Applied Economic Research – IPEA and WORLD BANK. In this sense, we used instrumental of time series, especially of the Vector Error Correction Model. The results found provided indications that the degree of pass-through of the exchange rate for the soybean grai n export prices occurred in a incomplete way, with the coefficient for dollar and euro of, respectively, -0.29 and -0.33, representing that depreciations of the exchange rate do not translate themselves in significant gains of competitiveness, since that they do not reduce expressively the export prices.

Author Biographies

Leonardo Sangoi Copetti, Universidade Federal de Santa Maria (UFSM)

Mestre em Administração pela Universidade Federal de Santa Maria (UFSM).

Daniel Arruda Coronel, Universidade Federal de Santa Maria (UFSM)

Doutor em Economia Aplicada pela Universidade Federal de Viçosa (UFV). Professor Adjunto do Programa de Pós-Graduação em Administração da Universidade Federal de Santa Maria (UFSM).

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Published

2020-01-02

How to Cite

Copetti, L. S., & Coronel, D. A. (2020). TRANSMISSION OF EXCHANGE RATE VARIATION FOR BRAZILIAN SOYBEAN GRAIN EXPORT PRICES: A COMPARATIVE STUDY OF DOLLAR AND EURO. Desenvolvimento Em Questão, 18(50), 166–185. https://doi.org/10.21527/2237-6453.2020.50.166-185

Issue

Vol. 18 No. 50 (2020): jan./mar.

Section

Artigos

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