Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach
ABSTRACT This study tests for macro‐hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical re...
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| Veröffentlicht in: | Metroeconomica 2015-11, Vol.66 (4), p.606-637 |
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| container_title | Metroeconomica |
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| creator | Kannebley Júnior, Sérgio Martins Baroni, João Paulo de Prince, Diogo |
| description | ABSTRACT
This study tests for macro‐hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical responses, with more pronounced increases in the price elasticity of demand during periods of high depreciation of the exchange rate compared with periods of more pronounced currency appreciation. We also estimate the relative price intervals that correspond to the inaction band. |
| doi_str_mv | 10.1111/meca.12084 |
| format | Article |
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This study tests for macro‐hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical responses, with more pronounced increases in the price elasticity of demand during periods of high depreciation of the exchange rate compared with periods of more pronounced currency appreciation. We also estimate the relative price intervals that correspond to the inaction band.</description><identifier>ISSN: 0026-1386</identifier><identifier>EISSN: 1467-999X</identifier><identifier>DOI: 10.1111/meca.12084</identifier><language>eng</language><publisher>Oxford: Blackwell Publishing Ltd</publisher><subject>Economic models ; Economic theory ; Elasticity ; Exports ; International trade ; Manufactured products ; Studies</subject><ispartof>Metroeconomica, 2015-11, Vol.66 (4), p.606-637</ispartof><rights>2015 John Wiley & Sons Ltd</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4734-f9c35d5d15a8008b0ede619f03d3e75d0839a2fc5bed864a9df338e6753c04b43</citedby><cites>FETCH-LOGICAL-c4734-f9c35d5d15a8008b0ede619f03d3e75d0839a2fc5bed864a9df338e6753c04b43</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fmeca.12084$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fmeca.12084$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27923,27924,45573,45574</link.rule.ids></links><search><creatorcontrib>Kannebley Júnior, Sérgio</creatorcontrib><creatorcontrib>Martins Baroni, João Paulo</creatorcontrib><creatorcontrib>de Prince, Diogo</creatorcontrib><title>Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach</title><title>Metroeconomica</title><addtitle>Metro</addtitle><description>ABSTRACT
This study tests for macro‐hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical responses, with more pronounced increases in the price elasticity of demand during periods of high depreciation of the exchange rate compared with periods of more pronounced currency appreciation. We also estimate the relative price intervals that correspond to the inaction band.</description><subject>Economic models</subject><subject>Economic theory</subject><subject>Elasticity</subject><subject>Exports</subject><subject>International trade</subject><subject>Manufactured products</subject><subject>Studies</subject><issn>0026-1386</issn><issn>1467-999X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><recordid>eNp9kE9LAzEQxYMoWKsXP0HAm7A12SS7WW9rqa3QqmBF8RLT_KFbt92a7GLrpzd11aNzGWb4vXnMA-AUox4OdbE0SvZwjDjdAx1MkzTKsux5H3QQipMIE54cgiPvF2GkjNAOeJ1I5apotPW1ccYXHk6Nr6GtHLxy8rMoC7mCg826crWHlYUTuWqsVHXjjIb3rtKNqv0lzGE9D_J5VYatXJkS5uu1q6SaH4MDK0tvTn56FzxeD6b9UTS-G97083GkaEpoZDNFmGYaM8kR4jNktElwZhHRxKRMI04yGVvFZkbzhMpMW0K4SVJGFKIzSrrgrL0bbN-b8INYVI1bBUuBU8xjHscZC9R5S4WnvXfGirUrltJtBUZil6DYJSi-EwwwbuGPojTbf0gxGfTzX03UaooQ6OZPI92bSFKSMvF0OxTpcMTw6CUWD-QLo4yCjw</recordid><startdate>201511</startdate><enddate>201511</enddate><creator>Kannebley Júnior, Sérgio</creator><creator>Martins Baroni, João Paulo</creator><creator>de Prince, Diogo</creator><general>Blackwell Publishing Ltd</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201511</creationdate><title>Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach</title><author>Kannebley Júnior, Sérgio ; Martins Baroni, João Paulo ; de Prince, Diogo</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4734-f9c35d5d15a8008b0ede619f03d3e75d0839a2fc5bed864a9df338e6753c04b43</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Economic models</topic><topic>Economic theory</topic><topic>Elasticity</topic><topic>Exports</topic><topic>International trade</topic><topic>Manufactured products</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Kannebley Júnior, Sérgio</creatorcontrib><creatorcontrib>Martins Baroni, João Paulo</creatorcontrib><creatorcontrib>de Prince, Diogo</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Metroeconomica</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Kannebley Júnior, Sérgio</au><au>Martins Baroni, João Paulo</au><au>de Prince, Diogo</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach</atitle><jtitle>Metroeconomica</jtitle><addtitle>Metro</addtitle><date>2015-11</date><risdate>2015</risdate><volume>66</volume><issue>4</issue><spage>606</spage><epage>637</epage><pages>606-637</pages><issn>0026-1386</issn><eissn>1467-999X</eissn><abstract>ABSTRACT
This study tests for macro‐hysteresis in Brazilian exports of manufactured products using a panel model with threshold parameters according to Hansen. To test hysteresis, the threshold variables are built based on studies by Parslei and Wei, and Penkova. There is evidence of asymmetrical responses, with more pronounced increases in the price elasticity of demand during periods of high depreciation of the exchange rate compared with periods of more pronounced currency appreciation. We also estimate the relative price intervals that correspond to the inaction band.</abstract><cop>Oxford</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/meca.12084</doi><tpages>32</tpages></addata></record> |
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| ispartof | Metroeconomica, 2015-11, Vol.66 (4), p.606-637 |
| issn | 0026-1386 1467-999X |
| language | eng |
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| source | Business Source Complete; Wiley Online Library All Journals |
| subjects | Economic models Economic theory Elasticity Exports International trade Manufactured products Studies |
| title | Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach |
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