TRANSMISSION OF EXCHANGE RATE VARIATION FOR BRAZILIAN SOYBEAN GRAIN EXPORT PRICES: A COMPARATIVE STUDY OF DOLLAR AND EURO
DOI:
https://doi.org/10.21527/2237-6453.2020.50.166-185Keywords:
Soybean grain; Export Prices; Pass-Through.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 grai n 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.
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