Precificação ao Mercado das Exportações Brasileiras de Produtos Industrializados

Abstract

This article tests for pricing to market hyphotesis for the Brazilianexporters of manufactured goods, using the Marston (1990), through theestimation of panel error correction models. We estimate longand shortrun elasticities for pricing to the market with an average value of 0.62 and0.18 respectively. We also tested the hypothesis of asymmetric pricingto market in the short run and found that exporters tend to smooth theexchange rate pass through when the real exchange rate is overvalued andpromote greater exchange rate pass through in periods of undervaluedreal exchange rate.