Efeitos do comércio internacional sobre as remunerações dos fatores no Brasil: uma análise de cones de diversificação

Abstract

This dissertation presents an empirical model based on the Heckscher-Olhin theory to test cones of diversification. We use data on capital and production of the United Nations Industrial Development Organization, labour data comes from the International Labour Organisation. The goal is to locate the position of Brazil in relation to other countries that have similar factor endowments. With an appropriate specifications, the effects of Stolper- Samuelson theorem on wages and interest rates are predicted. The results show that Brazil would not have wages or interest rates changed as a consequence of trade liberalization