Brazilian Exports : Climbing Down a Competitiveness Cliff
This note examines in detail Brazil s export performance over the past 15 years, focusing not only on growth and composition, but also on different performance dimensions, including diversification, sophistication, and firm dynamics. The analysis uses international comparisons to better situate the...
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| Format: | Policy Research Working Paper |
| Language: | en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://hdl.handle.net/10986/16330 |
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okr-10986-163302021-04-23T14:03:28Z Brazilian Exports : Climbing Down a Competitiveness Cliff Canuto, Otaviano Cavallari, Matheus Guilherme Reis, José aggregate demand annual growth bilateral trade Business environment Central Bank commodities commodity commodity exporters commodity prices comparative advantage comparative advantages comparative analysis Competitiveness consumer prices consumers country of destination country of origin currency customs demographic dependent variable developed countries developing countries development policy Diversification of exports domestic consumption domestic demand domestic markets economic crisis economic development economic dynamism economic environment economic growth Economic Policy Economic Research economic sectors economies of scale emerging market exchange rate appreciation Exchange rates export basket export baskets export competitiveness export diversification Export Dynamics export growth Export market Export market share export markets export performance export performances export sector export sectors export share exporter Exports External Balance external shock financial crisis fixed costs fixed effects Foreign competition foreign sales foreign trade full employment GDP GDP deflator GDP per capita global economy global integration global markets globalization gravity equation gravity model gross domestic product growth rate Growth rates growth volatility human capital Impact of Trade import import penetration imports income growth industrial production industrial sector Industrialization intermediate inputs international competition international competitiveness international market International Trade Job Creation knowledge spillovers loss of competitiveness market share market shares middle-income economies natural capital natural resources new markets nominal wages oil exports Open Economy per capita income Poverty Reduction productivity real effective exchange rate real exchange rate slowdown specialization sunk costs supply side supply-side tax tax system terms of trade total exports total factor productivity Tourism trade competitiveness trade flows trade impact trade integration trade logistics Trade openness trade relationships trades trading partner trading partners Trading Volumes vertical specialization wages Wealth World Development Indicators world economy world market world market share world trade This note examines in detail Brazil s export performance over the past 15 years, focusing not only on growth and composition, but also on different performance dimensions, including diversification, sophistication, and firm dynamics. The analysis uses international comparisons to better situate the Brazilian performance, and explores different databases, including firm-level data recently published by the World Bank. The note uses a recent diagnostic toolkit developed by the World Bank in order to suggest some hypotheses about the factors that have been inhibiting exports and industrial production expansion. Among the latter, it is noted how service sectors, as the largest beneficiaries from favorable terms of trade, accommodated larger wage increases and "exported" cost pressures to other sectors of the economy. Furthermore, although a stronger currency can be appointed as one of the elements behind the lower competitiveness in Brazilian exports, sluggish productivity performance and a real wage uptrend explain a significant part of the overall loss of competitiveness. This diagnostic reinforces the importance of resuming the agenda of microeconomic reforms, increasing the investment-to-gross domestic product ratio, and advancing toward better-skilled human capital. 2013-12-02T19:03:39Z 2013-12-02T19:03:39Z 2013-01 http://hdl.handle.net/10986/16330 en_US Policy Research Working Paper;No.6302 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Central America Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
aggregate demand annual growth bilateral trade Business environment Central Bank commodities commodity commodity exporters commodity prices comparative advantage comparative advantages comparative analysis Competitiveness consumer prices consumers country of destination country of origin currency customs demographic dependent variable developed countries developing countries development policy Diversification of exports domestic consumption domestic demand domestic markets economic crisis economic development economic dynamism economic environment economic growth Economic Policy Economic Research economic sectors economies of scale emerging market exchange rate appreciation Exchange rates export basket export baskets export competitiveness export diversification Export Dynamics export growth Export market Export market share export markets export performance export performances export sector export sectors export share exporter Exports External Balance external shock financial crisis fixed costs fixed effects Foreign competition foreign sales foreign trade full employment GDP GDP deflator GDP per capita global economy global integration global markets globalization gravity equation gravity model gross domestic product growth rate Growth rates growth volatility human capital Impact of Trade import import penetration imports income growth industrial production industrial sector Industrialization intermediate inputs international competition international competitiveness international market International Trade Job Creation knowledge spillovers loss of competitiveness market share market shares middle-income economies natural capital natural resources new markets nominal wages oil exports Open Economy per capita income Poverty Reduction productivity real effective exchange rate real exchange rate slowdown specialization sunk costs supply side supply-side tax tax system terms of trade total exports total factor productivity Tourism trade competitiveness trade flows trade impact trade integration trade logistics Trade openness trade relationships trades trading partner trading partners Trading Volumes vertical specialization wages Wealth World Development Indicators world economy world market world market share world trade |
| spellingShingle |
aggregate demand annual growth bilateral trade Business environment Central Bank commodities commodity commodity exporters commodity prices comparative advantage comparative advantages comparative analysis Competitiveness consumer prices consumers country of destination country of origin currency customs demographic dependent variable developed countries developing countries development policy Diversification of exports domestic consumption domestic demand domestic markets economic crisis economic development economic dynamism economic environment economic growth Economic Policy Economic Research economic sectors economies of scale emerging market exchange rate appreciation Exchange rates export basket export baskets export competitiveness export diversification Export Dynamics export growth Export market Export market share export markets export performance export performances export sector export sectors export share exporter Exports External Balance external shock financial crisis fixed costs fixed effects Foreign competition foreign sales foreign trade full employment GDP GDP deflator GDP per capita global economy global integration global markets globalization gravity equation gravity model gross domestic product growth rate Growth rates growth volatility human capital Impact of Trade import import penetration imports income growth industrial production industrial sector Industrialization intermediate inputs international competition international competitiveness international market International Trade Job Creation knowledge spillovers loss of competitiveness market share market shares middle-income economies natural capital natural resources new markets nominal wages oil exports Open Economy per capita income Poverty Reduction productivity real effective exchange rate real exchange rate slowdown specialization sunk costs supply side supply-side tax tax system terms of trade total exports total factor productivity Tourism trade competitiveness trade flows trade impact trade integration trade logistics Trade openness trade relationships trades trading partner trading partners Trading Volumes vertical specialization wages Wealth World Development Indicators world economy world market world market share world trade Canuto, Otaviano Cavallari, Matheus Guilherme Reis, José Brazilian Exports : Climbing Down a Competitiveness Cliff |
| geographic_facet |
Europe and Central Asia Central America Brazil |
| relation |
Policy Research Working Paper;No.6302 |
| description |
This note examines in detail Brazil s export performance over the past 15 years, focusing not only on growth and composition, but also on different performance dimensions, including diversification, sophistication, and firm dynamics. The analysis uses international comparisons to better situate the Brazilian performance, and explores different databases, including firm-level data recently published by the World Bank. The note uses a recent diagnostic toolkit developed by the World Bank in order to suggest some hypotheses about the factors that have been inhibiting exports and industrial production expansion. Among the latter, it is noted how service sectors, as the largest beneficiaries from favorable terms of trade, accommodated larger wage increases and "exported" cost pressures to other sectors of the economy. Furthermore, although a stronger currency can be appointed as one of the elements behind the lower competitiveness in Brazilian exports, sluggish productivity performance and a real wage uptrend explain a significant part of the overall loss of competitiveness. This diagnostic reinforces the importance of resuming the agenda of microeconomic reforms, increasing the investment-to-gross domestic product ratio, and advancing toward better-skilled human capital. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Canuto, Otaviano Cavallari, Matheus Guilherme Reis, José |
| author_facet |
Canuto, Otaviano Cavallari, Matheus Guilherme Reis, José |
| author_sort |
Canuto, Otaviano |
| title |
Brazilian Exports : Climbing Down a Competitiveness Cliff |
| title_short |
Brazilian Exports : Climbing Down a Competitiveness Cliff |
| title_full |
Brazilian Exports : Climbing Down a Competitiveness Cliff |
| title_fullStr |
Brazilian Exports : Climbing Down a Competitiveness Cliff |
| title_full_unstemmed |
Brazilian Exports : Climbing Down a Competitiveness Cliff |
| title_sort |
brazilian exports : climbing down a competitiveness cliff |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/16330 |
| _version_ |
1764432893473456128 |