IMPACT OF THE EXCHANGE RATE ON THE INTERNATIONAL TRADE IN CEARÁ FOOTWEAR - 1997-2019
DOI:
https://doi.org/10.59776/2764-1015.2023.6807Abstract
This article analyzes the relationship between the exchange rate and footwear exports from Ceará from 1997 to 2019. To this end, an empirical exercise was used, based on the use of econometric techniques in time series applied to data from the Secretariat of Foreign Trade (SECEX) of the Ministry of Development, Industry and Foreign Trade (MDIC) and the Bank for International Settlements (BIS). The results show that Ceará has a substantial share in Brazilian footwear exports and maintains a significant share of its export revenues in the footwear sector despite the reduction recorded in recent years. The econometric tests do not confirm a statistically significant relationship between the exchange rate and footwear exports from Ceará. Therefore, it is inferred that other variables not observed in this study contribute to the state's trade, with the exchange rate not being relevant for exports from the Ceará footwear sector in the period analyzed.