Crescimento das Indústrias Exportadoras no Brasil: um modelo dinâmico de efeitos fixos com o PIB mundial como variável
AbstractThe empiric literature has been finding a robust positive correlation between economic acting and exports, at the industrial plant and also for the economy as a whole. That relationship backrest with the law of Kaldor-Thirwall, that emphasizes the importance of the foreign trade as an engine of the growth, and the emergence of economies characterized by an export-led growth pattern. Though, the endogeneity between economic growth and exports evidences the need of appropriate econometric specifications, including the approach of the instrumental variables. The model of dynamic panels developed by Arellano and Bond (1991) it is a justifiable solution for this situation, being considering that the official data sources for the formation of panels of companies usually have short periodicity. To correct the endogeneity of models, the present work uses the Brazilian commercial partners` GDP as instrumental variable. The found results suggest the existence of positive impacts of the exports on the Brazilian industrial companies, when the dynamic models are used, even after using this instrument in the estimate in two steps.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Instituto de Pesquisa Econômica Aplicada - IPEA in its series Discussion Papers with number 1231.
Length: 29 pages
Date of creation: Nov 2006
Date of revision:
Contact details of provider:
Postal: SBS - Quadra 01 - Bloco J - Ed. BNDES, Brasília, DF - 70076-90
Web page: http://www.ipea.gov.br
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-20 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabio Schiavinatto).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.