Depreciação cambial, atividade econômica doméstica e externa e termos de troca: evidências para a Região Sul do Brasil

Abstract

This work analyzes how the terms of trade of basic and industrialized of Paraná, Rio Grande do Sul and Santa Catarina states respond to currency depreciations and increases in domestic and foreign economic activity using monthly data from january 1999 to january 2014 and autoregressive vectors (VAR). The results show that these states have advantages in basic goods, since currency depreciation, expansion in foreign income and the growth of local industry tend to improve the terms of trade. Asymmetrical results were observed for industrialized.