Transmissão da Variação da Taxa de Câmbio para os Preços de Exportação Brasileiros do Grão de Soja: Um Estudo Comparativo do Dólar e do Euro

Abstract

The aim of this work consisted in the relation exam between exchange rate variations and the Brazilian soybean grain export prices, relation defined as the pass-through of exchange rate, having as reference the period from January, 2000 until December, 2018. For this, we estimated two models: in dollar and in euro. The data was collected from the sites of Institute for Applied Economic Research – Ipea and World Bank. In this sense, we used instrumental of time series, especially of the Vector Error Correction Model. The results found provided indications that the degree of pass-through of the exchange rate for the soybean grain export prices occurred in a incomplete way, with the coefficient for dollar and euro of, respectively, -0.29 and -0.33, representing that depreciations of the exchange rate do not translate themselves in significant gains of competitiveness, since that they do not reduce expressively the export prices.

Keywords

• soybean grain
• export prices
• pass
• trough