economy: BRIC. This abbreviation represents the group of four countries: Brazil, Russia, India and China and has generated a …, whose exports are dominated by manufactures, on the other side there are Brazil and Russia, with commodities’ share in … exports surpassing that of manufactures. From the viewpoint of export propensity, Brazil and India are less inclined to export …

for Argentina, Brazil and Uruguay. We employ two CGE models for the calculations. For the Argentine and Uruguayan cases …, we apply a model built by the authors (see Chisari (2009)) based on the MPSGE. For Brazil, our study uses the GTAP model …