The aim of this research was to examine the relationship between exchange rate variations and Brazilian export prices for cellulose, which is defined as the exchange rate pass-through, taking the period from January 2000 to March 2019 as a reference. The data were collected on the websites of the Ministry of Development, Industry and Foreign Trade-MDIC, the Institute of Applied Economics-IPEA and the Federal Reserve Bank of St. Louis-FRED. Thus, time series instruments were used, especially the Error Correction Vector Model. Results provided indications that the pass-through degree of exchange rate for cellulose export prices occurred incompletely in the total period and in the second sub-period, and was null in the first sub-period, representing that depreciation of rate exchange rates did not translate into significant competitiveness gains, as they did not significantly reduced export prices.
CITATION STYLE
Copetti, L. S., & Coronel, D. A. (2020). Transmission of exchange rate variation to brazilian pulp export prices. Ciencia Rural, 50(8), 1–16. https://doi.org/10.1590/0103-8478cr20190603
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