Trade Equations for the Brazilian Economy: 1955/1995
Alexandre Samy de Castro
IPEA - Institute of Applied Economic Research
Marco A. F. H. Cavalcanti
Institute of Applied Economic Research (IPEA)
This paper estimates export and import equations for Brazil using annual data from 1955 to 1995. The econometric procedures account for the nonstationarity of the data, applying cointegration techniques and using an error-correction model framework. The validity of treating conditioning variables as "exogenous" is investigated through proper exogeneity tests. The paper also presents forecasts of export and import growth rates for the period 1996/2000, under alternative scenarios.
Number of Pages in PDF File: 46
JEL Classification: C32, C51, C52, C53, F17, F47working papers series
Date posted: January 17, 1998
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