Evaluation of Brazilian import equation for categories of use from 1988 to 2008
- Authors
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Manoel Carlos Rivas Franco Jr
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Divanildo Triches
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- Keywords:
- Equação de demanda de importação, Abertura comercial, Mecanismo de correção de erros, Impostos
- Abstract
- ABSTRACT This paper aims to estimate equations for Brazilian imports of durable consumer goods, intermediate goods and capital goods in the period from 1988 to 2008 with quarterly data. At first, it was made a review of the literature. Later the of long-term functions with short-term adjustments estimated by Errors of Correction Mechanism (ECM) were estimated. The outcome pointed out that for the consumer durables in the long-term, income and prices had coefficient 3.47 and -1.60, respectively. In the case of intermediate goods the income variable remained with a high figure of 4.63, followed by the followed by the capacity utilization with parameter 1.01. Income was higher in the category of capital goods with a coefficient 5.17. Therefore, the imports respond much more to income variation than price variation. Key words: Demand equation for imports; trade liberalization; Errors of Correction Mechanism. Classificação JEL: C42, C43, D12 Artigo recebido em ago. 2010 e aceito para publicação em jun. 2011.
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- Published
- 2011-11-16
- Issue
- Vol. 32 No. 2 (2011)
- Section
- Artigos
- License
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.