Marçal, Emerson Fernandes; Monteiro, Wagner Oliveira; … - Associação dos Centros de Pós-Graduação em … - 2005
This article aims to test whether or not there is a stable relation between trade balance and real exchange rate. The period covered by the sample goes from 1980 to 2004. The frequency of the data is quarterly. It was used the cointegration techniques developed by Johansen as econometric...