Efeitos do câmbio e juros sobre as exportações da indústria brasileira

Since the middle of the 80s, Brazil is facing a process of industry participation loss as a percentage in GDP and in the economy total employment. This phenomenon can be characterized as a deindustrialization process. Some elements such as increase in produtitivity, statistical illusion, and demand have been pointed out as being responsible for this process. In recent years the exchange and interest rates have had a crucial role in this process.. Because the exchange rate has an influence on the productive sector by the changes it exerts on the exports and imports level, it would be expected that these two sectors of the economy have been passing through important transformations in the last years as a consequence of the Brazilian exchange rate decrease. Following OECD methodology for industrial production segmentation, the present study have separated the industrial exports sector in intensive in: 1) natural resources; 2) labor; 3) scale; 4) differentiation; and 5) science. The main objective of the present study is to analyze the impact of the exchange and interest rates on the relative participation of the above mentioned industrial export segments between the 2002-2006 period of time.