Effects of overvaluation and exchange rate volatility over industrial investment : empirical evidence and economic policy proposals for Brazil

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MetadadosDescriçãoIdioma
Autor(es): dc.creatorOreiro, José Luís da Costa-
Autor(es): dc.creatorBasilio, Flávio Augusto Corrêa-
Autor(es): dc.creatorSouza, Gustavo José de Guimarães e-
Data de aceite: dc.date.accessioned2024-10-23T15:00:44Z-
Data de disponibilização: dc.date.available2024-10-23T15:00:44Z-
Data de envio: dc.date.issued2017-12-07-
Data de envio: dc.date.issued2017-12-07-
Data de envio: dc.date.issued2014-
Fonte completa do material: dc.identifierhttp://repositorio.unb.br/handle/10482/29171-
Fonte completa do material: dc.identifierhttps://dx.doi.org/10.1590/S0101-31572014000300001-
Fonte: dc.identifier.urihttp://educapes.capes.gov.br/handle/capes/872075-
Descrição: dc.descriptionThe present article aims to analyze the recent behavior of real exchange rate in Brazil and its effects over investment per worker in Brazilian manufacturing and extractive industry. Preliminary estimates presented in the article shows an over-valuation of 48% of real exchange rate in Brazil. The reaction between the level (and volatility) of real exchange rate and investment (per worker) in Brazil is analyzed by means of a panel data econometric model for 30 sectors of Brazilian manufacturing and extractive industry. The empirical results show that the level and volatility of real exchange rate has a strong effect over investment per worker in Brazilian industry. Finally, we conclude the article presenting a proposal for a new macroeconomic regime that aims to produce an acceleration of economic growth of Brazilian economy and, by that, a catching-up process with developed countries.-
Descrição: dc.descriptionFaculdade de Economia, Administração, Contabilidade e Gestão de Políticas Públicas (FACE)-
Descrição: dc.descriptionDepartamento de Economia (FACE ECO)-
Formato: dc.formatapplication/pdf-
Idioma: dc.languageen-
Publicador: dc.publisherEditora 34-
Direitos: dc.rightsAcesso Aberto-
Direitos: dc.rightsRevista de Economia Política - (CC BY-NC) - Todo o conteúdo deste periódico, exceto onde está identificado, está licenciado sob uma Licença Creative Commons. Fonte: https://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000300001&lng=en&tln g=en. Acesso em: 15 jul. 2020.-
Palavras-chave: dc.subjectCâmbio-
Palavras-chave: dc.subjectDesenvolvimento econômico-
Palavras-chave: dc.subjectMacroeconomia-
Título: dc.titleEffects of overvaluation and exchange rate volatility over industrial investment : empirical evidence and economic policy proposals for Brazil-
Tipo de arquivo: dc.typelivro digital-
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