Keywords
Productivity
Cointegration
Export-led growth
VECM models
How to Cite
Abstract
Among the various theories of growth, the export-led growth theory emphasizes the importance of exports on the level of development and productivity in an economy, as a result of generating economies of scale and greater efficiency. The analysis of the influence of exports on the level of productivity in Brazil is shown to be of fundamental importance, since conclusions about this relationship can prove to be useful for the formulation of public policies. This work empirically analyzed the impact of exports on productivity in the manufacturing industry in Brazil during the period 2002-2019. Based on time series techniques, the results showed that exports and productivity have a common long-term relationship. Furthermore, considering the estimates of an autoregressive vector model with error correction, there was evidence of the influence of exports on productivity, i.e., confirming the theory of export-led growth.
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Copyright (c) 2022 Pedro Henrique Alves de Oliveira, Leandro dos Santos Maciel
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