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A dinâmica dos termos de troca e da balança comercial: Curva "S" na Europa ?


Author Info

  • Alexandra Ferreira Lopes

    (Dinâmia, ISCTE)

  • Alda Rito

    (DGEP, Ministerio Financas)

  • Tiago Sequeira



Documentam-se as principais características cíclicas de variáveis ligadas ao comércio internacional dos países mais periféricos da União Europeia e comparam-se com as características do conjunto da União, apresentando evidências de que a balança comercial está correlacionada negativamente com movimentos passados e presentes dos termos de troca e positivamente com movimentos passados, dando origem à designada S. Aplica-se o modelo de Backus, Kehoe e Kydland (1994) para verificar a sua aproximação aos dados destes países e avaliar a sua robustez a outras realidades empíricas. Verificaram-se as principais vantagens do modelo já identificadas mas a robustez do modelo a diferenças entre países apenas é verificada numa das variáveis: a balança comercial.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0402011.

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Length: 44 pages
Date of creation: 04 Feb 2004
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Handle: RePEc:wpa:wuwpma:0402011

Note: Type of Document - pdf; prepared on win98; pages: 44.
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Keywords: ciclos económicos termos de troca curva J;

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