Pass-through of soybean bran exports

Abstract

The aim of this work consisted of the exam of the relation between the exchange rate variations and the Brazilian export prices of soybean bran, relation defined as the pass-through of the exchange rate, having as reference the period from January, 2000 to December, 2018. For this, we estimated models in dollar and euro. The data were collected in the sites of Institute for Applied Economics Research – IPEA and of the WORLD BANK. In this sense, we used the instrumental of the time series, specially the Vector Error Correction Model. The results found provided indications that the pass-through degree of the exchange rate for the export prices of soybean bran was null for dollar and euro, representing that the exchange rate variations do not translate themselves in gains of competitiveness, affecting only the mark-up of the exporter.