A influência da taxa de cambio e da renda externa nas exportações por grandes categorias econômicas: Uma análise para os estados do Ceará, Pernambuco e Bahia

Abstract

This study analyzed the long-term effects of real exchange rate and foreign income on exports of capital goods, consumer goods, intermediate goods and fuels and lubricants of the states of Ceará, Bahia and Pernambuco. We used monthly data between January 2000 and October 2018 and the elasticities were estimated by Dynamic Ordinary Least Squares (DOLS). In general terms, it can be said that most of the observed elasticities were statistically significant and with signs consistent with the literature; that is, real exchange rate devaluations and increases in foreign income tend to increase exports from the states analyzed. The capital goods sector stood out for having the highest elasticities.