This paper analyzes the performance and the specialization pattern of Brazil's exports compared to a selected group in emerging countries - China, South Korea, India, Mexico and Russia - in 1996-2007, based on the sophistication level of exported goods according to the methodology of Hausmann,...

This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....