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Brazil's New Floating Exchange Rate Regime and Competitiveness in the World Poultry Market

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  • Costa, Ecio F.

Abstract

In early 1999, Brazil devalued its currency, increasing its competitiveness in the poultry industry and capturing world market share. This paper discusses the devaluation and its effects on Brazil's trade, evaluates preliminary statistics on the impact of the devaluation on world poultry markets, and reports the results from a computable general equilibrium (CGE) simulation of the devaluation. The medium-run CGE results are compared to the short-run impacts reflected in the preliminary statistics.

Suggested Citation

  • Costa, Ecio F., 2001. "Brazil's New Floating Exchange Rate Regime and Competitiveness in the World Poultry Market," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(2), pages 367-375, August.
    • Handle: RePEc:cup:jagaec:v:33:y:2001:i:02:p:367-375_00
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    Cited by:

    1. Stephen Pratt, 2014. "A General Equilibrium Analysis of the Economic Impact of a Devaluation on Tourism: The Case of Fiji," Tourism Economics, , vol. 20(2), pages 389-405, April.
    2. Domingues, Edson Paulo & Haddad, Eduardo Amaral, 2005. "Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 25(1), May.

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