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http://hdl.handle.net/1843/49297
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DC Field | Value | Language |
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dc.creator | Hugo C. Iasco Pereira | pt_BR |
dc.creator | Gilberto Libânio | pt_BR |
dc.creator | Fabrício J. Missio | pt_BR |
dc.date.accessioned | 2023-01-31T15:47:41Z | - |
dc.date.available | 2023-01-31T15:47:41Z | - |
dc.date.issued | 2018 | - |
dc.citation.issue | 46 | pt_BR |
dc.identifier.uri | http://hdl.handle.net/1843/49297 | - |
dc.description.abstract | O objetivo deste trabalho é examinar a relação entre acumulação de capital, distribuição de renda e a taxa real de câmbio para a economia brasileira em um nível setorialmente desagregado para o período entre 2007 e 2014. Para tanto, os setores foram agrupados conforme a intensidade tecnológica: (i) média-baixa e baixa, e (ii) média-alta e alta. Utilizou-se duas metodologias econométricas: (i) um painel estimado por Arellano-Bond visando lidar com a possível endogeneidade entre investimento e o profit-share setorial, (ii) um modelo de painel com vetores autoregressivos para capturar o efeito de feedback entre as variáveis. Os resultados sugeriram uma relação não-linear entre o investimento e a distribuição de renda setorial, mas com diferentes funções entre as varáveis de acordo com a intensidade de inovação tecnológica setorial. Além disso, a taxa real de câmbio se mostrou um importante vetor para a promoção da acumulação de capital, particularmente para os setores mais intensos em inovação tecnológica. | pt_BR |
dc.description.resumo | This paper examines the relation between capital accumulation, income distribution and the real exchange rate in the Brazilian economy using a sectorially disaggregated database for the period 2007-2014. The industrial sectors are grouped into two categories according to the intensity of technological innovation: (i) medium-low and low; and (ii) medium- high and high. Two different methodologies are used for estimations: (i) the Arellano– Bond GMM method to handle the endogeneity between investment and the profit share; and (ii) panel vector autoregression to capture the impact of exchange rate devaluation on capital accumulation, taking into account the feedback of the profit share, labour costs and degree of capacity utilization. The results suggest a non-linear relationship between investment and income distribution in the Brazilian economy for both groups of sectors. However, the pattern of the relation between capital accumulation and income distribution differs according to the intensity of innovation. The results also indicate that an exchange rate devaluation has a positive effect on capital accumulation, particularly for the sectors more intense in technology innovation. | pt_BR |
dc.language | eng | pt_BR |
dc.publisher | Universidade Federal de Minas Gerais | pt_BR |
dc.publisher.country | Brasil | pt_BR |
dc.publisher.department | FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS | pt_BR |
dc.publisher.initials | UFMG | pt_BR |
dc.relation.ispartof | ENCONTRO NACIONAL DE ECONOMIA | pt_BR |
dc.rights | Acesso Aberto | pt_BR |
dc.subject | Income Distribution | pt_BR |
dc.subject | Real Exchange Rate | pt_BR |
dc.subject | Capital Accumulation | pt_BR |
dc.subject.other | Renda | pt_BR |
dc.subject.other | Capital (Economia) | pt_BR |
dc.title | Income distribution, real exchange rate and capital accumulation: empirical evidences from brazilian industrial sectors | pt_BR |
dc.type | Artigo de Evento | pt_BR |
dc.url.externa | http://https://www.anpec.org.br/encontro/2018/submissao/files_I/i6-de40aa2e4056d8a0478d0d266573365f.pdf | pt_BR |
Appears in Collections: | Artigo de Evento |
Files in This Item:
File | Description | Size | Format | |
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Income Distribution, Real Exchange Rate and Capital Accumulation.pdf | 722.92 kB | Adobe PDF | View/Open |
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