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The Impact of Exchange Rate Volatility on Brazilian Manufactured Exports

Author

Listed:
  • Antonio Aguirre

    (UFMG/Department of Economics, and CEPE (Centre for Research in International Economics))

  • Afonso Ferreira

    (FJP/School of Government, and CEPE (Centre for Research in International Economics))

  • Hilton Notini

    (FGV/Graduate School of Economics (EPGE))

Abstract

The purpose of this paper is to examine the relation between exchange rate volatility and the volume of exports, using Brazilian data. After establishing the existence of cointegration among the variables included in our model, we estimate the long run coefficients by means of an auto-regressive distributed lag (ARDL) model. Our results show that exchange rate volatility has significantly affected —in a negative way— Brazilian manufactured exports in the period 1986–2002.

Suggested Citation

  • Antonio Aguirre & Afonso Ferreira & Hilton Notini, 2007. "The Impact of Exchange Rate Volatility on Brazilian Manufactured Exports," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(1-2), pages 3-19, January-D.
  • Handle: RePEc:lap:journl:553
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    Citations

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    Cited by:

    1. Flavio Vilela Vieira & Cleomar Gomes Da Silva, 2018. "Brics Export Performance: An Ardl Bounds Testing Empirical Investigation," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 101, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Ronald Miranda & Gabriela Mordecki, 2015. "Real exchange rate volatility impact on exports: A comparative study 1990-2013," Documentos de Trabajo (working papers) 15-18, Instituto de Economía - IECON.
    3. Lira SEKANTSI, 2011. "The Impact of Real Exchange Rate Volatility on South African Exports to the United States (U.S.): A Bounds Test Approach," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 8, pages 119-139, December.
    4. Bahmani-Oskooee, Mohsen & Harvey, Hanafiah & Hegerty, Scott W., 2013. "The effects of exchange-rate volatility on commodity trade between the U.S. and Brazil," The North American Journal of Economics and Finance, Elsevier, vol. 25(C), pages 70-93.
    5. V Polodoo & B Seetanah & Sannassee R. V, 2016. "Exchange rate volatility and manufacturing trade: Evidence from Africa," Journal of Developing Areas, Tennessee State University, College of Business, vol. 50(5), pages 241-256.
    6. repec:rfe:zbefri:v:35:y:2017:i:1:p:73-95 is not listed on IDEAS

    More about this item

    Keywords

    Exchange rate volatility; cointegration; auto-regressive distributed lag models;

    JEL classification:

    • F3 - International Economics - - International Finance

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