VERÍSSIMO, Michele Polline

Taxa de câmbio, exportações e crescimento : uma investigação sobre a hipótese de doença holandesa no Brasil - Maracaibo : FACES/LUZ, jan./mar. 2013

Exchange rate, exports and growth: an investigation on the hypohotesis of Dutch disease in Brazil. This paper investigates the hypothesis of Dutch disease in Brazil by the existence of a negative relationship between commodity exports and the real exchange rate, and effects of export specialization in commodities on the Brazilian economic growth from 1999 to 2010 based on VAR model. The evidences suggestesd an expressive importance of commodities exports in explaining the real ecxchange rate changes. Moreover, commodities exports shocks were relevant to explain Brazilian economic growth rate changes, which supporst the "curse" of natural resources literature.