Pricing-to-market of Brazilian exports: a case of vehicle currency invoicing
Sérgio Kannebley Júnior,
Diogo de Prince,
Daniel Quinaud Pedron da Silva
Abstract:PurposeBrazil uses the dollar as a vehicle currency to invoice its exports. This fact produces a tendency toward equalizing the prices of products in dollars in the international market and reducing the ability of firms to practice pricing-to-market (PTM). This study aims to evaluate the hypothesis by estimating error correction models in panel data, obtaining estimates of PTM for 25 manufacturing products exported by Brazil between 2010 and 2020.Design/methodology/approachThis study uses the correlated common… Show more
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