TRANSMISSÃO DA VARIAÇÃO DA TAXA DE CÂMBIO PARA OS PREÇOS DE EXPORTAÇÕES BRASILEIRAS DA CARNE BOVINA E DA CARNE DE FRANGO (1997-2019)

Abstract

The objective of this work consisted of examining the relation between exchange rates in the Brazilian export prices of beef and chicken meat, relation defined as the pass-through of the exchange rate, having as reference the period from July, 1997 to March, 2019. The data were collected from the sites of Center for Advanced Studies in Applied Economics – CEPEA, the Institute of Applied Economics - IPEA, in WORLD BANK, and in the Bureau of Labor Statistics – BLS. In this sense, time series instrumentals were used, especially the Error Correction Vector Model. The results found indicated that the pass-through degree of the exchange rate for the export prices of beef occurred in a complete way, representing competitiveness. Yet, for chicken meat, the pass-through coefficient was incomplete, representing that the exchange rate depreciations do not translate themselves into significant gains in competitiveness, once that they reduce partially the export prices.