Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach

Autor(es)

Kannebley Junior, Sergio ; Martins Baroni, Joao Paulo ; de Prince, Diogo

• Tipo de documento: Artigo Científico
• Fonte: METROECONOMICA; v. 66, n. 4, p. 606-637, NOV 2015.
• Citações Web of Science: 1

Resumo

This study tests for macro-hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical responses, with more pronounced increases in the price elasticity of demand during periods of high depreciation of the exchange rate compared with periods of more pronounced currency appreciation. We also estimate the relative price intervals that correspond to the inaction band. (AU)

• Processo FAPESP: 10/14221-0 - Um teste alternativo para a hipótese de hysteresis nas exportações brasileiras: uma abordagem de painel com efeitos limiares
• Beneficiário: João Paulo Martins Terra Baroni
• Modalidade de apoio: Bolsas no Brasil - Mestrado