出版社：Faculdade de Administra??o, Contabilidade e Economia, Pontifícia Universidade Católica do Rio Grande do Sul
摘要：This paper estimates supply and demand equations of
brazilian footwear, from the first quarter of 1985 untill the first
quarter of 2003 through Johansen’s methodology (1988) of
cointegration. In the supply equation, it is possible to find out that
the greatest part of an exchange rate shock alters the quantum
exported in the long term, verifying the J-Curve. Additionally,
prices variation impacts also ocurr in the long term. Regarding the
demand equation, price elasticity is negative, concentrating its
effects in the short term, making evident the fact that brazilian
footwear is a normal good to american consumer. Finally, the
estimated income elasticity is positive, with the adjustment
ocurring in the short term.
关键词：Unit root. Cointegration. Supply and demand fonctions.
