Manufacturing Exports from Brazil: Determinants and Consequences

This paper presents a demand and supply model of the determinants and manufacturing exports from Brazil, for the period 1965-88. Previous studies are reviewed and the model proposed is elaborated in the basis of this review. The model which in the end is estimated is distinguished from the previous ones not only by the method of stimulation but also by the inclusion of certain variables which shed some light on the role which domestic costs and productivity growth may have had in the development of the Brazilian manufacturing exports.