Ensaios de câmbio sob as perspectivas da produtividade e da competitividade
Tipo
Tese
Data de publicação
2018-10-01
Periódico
Citações (Scopus)
Autores
Rebelo, Helene Albuquerque
Orientador
Basso, Leonardo Fernando Cruz
Título da Revista
ISSN da Revista
Título de Volume
Membros da banca
Hadad Junior, Eli
Kimura, Herbert
Forte, Denis
Mendonça, Diogo de Prince
Kimura, Herbert
Forte, Denis
Mendonça, Diogo de Prince
Programa
Administração de Empresas
Resumo
This work is composed of three independent researches, however with themes that show
constancy and relation between them. The first investigation examines the long-term
exchange rate, considering purchasing power parity for 25 developing countries, admitting
the United States of America as the base country. To test the models, the behavior of four
different price indices are observed, for the period of 1960 - 2015, with annual frequency.
From the projections performed, only four combinations corroborated the theory, not
being possible to prove a favorable performance for PPP. The second study evaluates the
long-term exchange rate from the perspective of the Balassa-Samuelson Effect. Original
from purchasing power parity, it shows that the exchange rate can be explained by the
relationship between the productivities of two countries. Thus, the relative purchasing
power parity and total factor productivity are evaluated by applying a new classification
for productivity, where some service sectors are considered tradable goods. The database is
composed of 10 pairs of countries, with the United States of America as the base country,
for the period between 1980 to 2007, finding that only a few countries corroborate the
Balassa-Samuelson Effect. For the first two essays, time series analyzes were used. The
third search evaluates whether productivity is explained by competitiveness and if the
real effective exchange rate plays a moderating role on the four competitiveness variables,
since it is possible to evaluate the losses or gains of competitiveness as a function of the
exchange rate. It is applied the real effective exchange rate, the total factor productivity,
and the world competitiveness index for 20 countries for the period from 2001 until 2018.
The results show that the real effective exchange rate is a moderating variable for all
variables, but only for half of the countries evaluated. In this third paper, the empirical
approach is supported in a panel data analysis. The three essays are run on the software
STATA 14.
Descrição
Palavras-chave
taxa de câmbio de longo prazo , produtividade total dos fatores , índice de competitividade global , séries de tempo , dados de painel
Assuntos Scopus
Citação
REBELO, Helene Albuquerque. Ensaios de câmbio sob as perspectivas da produtividade e da competitividade. 2018. 98 f. Tese (Doutorado em Administração de Empresas) - Universidade Presbiteriana Mackenzie, São Paulo.