Title Trade elasticities and market expectations in Brazil / Claudio Paiva

Published Washington, D.C : International Monetary Fund, ©2003

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Description 1 online resource (21 pages) : illustrations Series IMF working paper ; WP/03/140 IMF working paper ; WP/03/140. Summary This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in import tariffs. The results suggest that (i) recent market expectations may have been unduly pessimistic regarding the responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may put downward pressure on the exchange rate and thus render the achievement of official inflation targets considerably more difficult if structural reforms are not implemented Bibliography Includes bibliographical references (pages 20-21) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Elasticity (Economics) -- Brazil -- Econometric models Foreign exchange rates -- Economic aspects -- Brazil -- Econometric models Tariff -- Brazil -- Econometric models Commerce -- Econometric models. Elasticity (Economics) -- Econometric models. Tariff -- Econometric models. SUBJECT Brazil -- Commerce -- Econometric models Subject Brazil. Form Electronic book Author IMF Institute. International Monetary Fund. ISBN 1451901305 9781451901306

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