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A Abertura Comercial e a Volatilidade da Produção Industrial do Brasil no Período 1996/2008


  • Synthia Kariny Silva de Santana

    (Universidade Federal de Pernambuco)

  • Jocildo Fernandes Bezerra

    (Universidade Federal de Pernambuco)

  • Tatiane Almeida de Menezes

    (Universidade Federal de Pernambuco)


This paper aims to examine the effects of trade openness on the output volatility in different sectors of manufacturing industry between 1996 and 2008. To do so, we use data of 18 sectors for 13 years, estimating an econometric model using a panel dataset by GMM. The results show that the process of trade liberalization has increased the output volatility for the industrial sectors of manufacturing industry, suggesting that the way the process was conducted caused structural damage to the manufacturing industry.

Suggested Citation

  • Synthia Kariny Silva de Santana & Jocildo Fernandes Bezerra & Tatiane Almeida de Menezes, 2011. "A Abertura Comercial e a Volatilidade da Produção Industrial do Brasil no Período 1996/2008," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 12(1), pages 91-110.
  • Handle: RePEc:anp:econom:v:12:y:2011:i:1:91_110

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    References listed on IDEAS

    1. Peter Hordahl & Oreste Tristani & David Vestin, 2003. "A joint econometric model of macroeconomic and term structure," Proceedings, Federal Reserve Bank of San Francisco, issue Mar.
    2. McCracken, Michael W., 2007. "Asymptotics for out of sample tests of Granger causality," Journal of Econometrics, Elsevier, vol. 140(2), pages 719-752, October.
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    More about this item


    Abertura Comercial; Volatilidade do Produto; Volatilidade das Exportações; Indústria de Transformação; Dados em Painel;

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General


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