Há Realmente uma Tendência a Deterioração dos Termos de Troca? Uma Análise dos Dados Brasileiros

The Prebisch-Singer hypothesis of a secular decline in terms of trade is tested using modern time series econometric techniques. Using a multivariate cointegration test, the Presbish-Singer hypothesis for Brazil is rejected. The period covered by the sample is 1850-2001. The evidence shows that Brazilian terms of trade is stationary around a constant level. There is no evidence favourable to a secular trend of decline in Brazilian terms of trade.

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Year of publication:	2006
Authors:	Marçal, Emerson Fernandes
Published in:	Economia. - Associação dos Centros de Pós-Graduação em Economia - ANPEC, ISSN 1517-7580. - Vol. 7.2006, 2, p. 307-329
Publisher:	Associação dos Centros de Pós-Graduação em Economia - ANPEC
Subject:	Hipótese Prebisch-Singer \| Cointegração \| Termos de Troca \| Raiz Unitária

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Extent:	application/pdf
Type of publication:	Article
Language:	Portuguese
Notes:	Published
Classification:	F40 - Macroeconomic Aspects of International Trade and Finance. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005085958