The price and income elasticities of exports and imports: an approach using panel data for States of Brazil

Authors

  • Anderson Moreira Aristides dos Santos Universidade Federal de Alagoas
  • Edler Angelino de Sousa
  • Paulo Andrade Jacinto PUCRS
  • Paulo de Andrade Jacinto PUCRS
  • Cesar Augusto Oviedo Tejada UFPel

Keywords:

Price and income elasticities. Exports. Imports.

Abstract

 

This paper aims to estimate the elasticities price and income of the exports and imports for the states of Brazil, in the period 1992-2007, through static and dynamic panels. The results of the static model show a positive and elastic relationship between international income and exports (inelastic in the period 1992-2004), and positive inelastic between real exchange rate and exports. This model also shows a positive and elastic relationship among GDP and imports, and negative inelastic between real exchange rate and imports. Comparing the dynamic model to the results of the static model, the price and income elasticities of the exports both are very smaller in the dynamic model. For the case to the imports only the elasticity-income of imports was much smaller in the dynamic model than the one of the static model. Finally, the coefficients of lags to the exports and imports were significant, hence could suppose the idea of adjustment non automatic.

Author Biographies

Anderson Moreira Aristides dos Santos, Universidade Federal de Alagoas

Mestre em Economia Aplicada pelo CMEA/UFAL e Professor da Universidade Federal de Alagoas (Campus Sertão) 

Edler Angelino de Sousa

Mestre em Economia Aplicada pelo CMEA/UFAL.

Paulo de Andrade Jacinto, PUCRS

 

Professor do Programa de Pós-Graduação em Economia – PPGE/PUCRS.

Cesar Augusto Oviedo Tejada, UFPel

Professor - Programa de Pós-Graduação em Organizações e Mercados(PPGOM/UFPel)

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Issue

Vol. 22 No. 2 (2011)

Section

Articles

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