A substituição de importações no Brasil entre 1995 e 2000 Import substitution in Brazil between 1995 and 2000

• Main Authors: Ana Maria de Paiva Franco, Renato Baumann
• Format: Article
• Language: English
• Published: Editora 34 2005-09-01
• Series: Brazilian Journal of Political Economy
• Subjects: Impost Substitution; Effective Tariffs; Currency Depreciation
• Online Access: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572005000300002

<abstract language="eng">This work estimates the import substitution process in Brazilian industrial sectors in a recent period and evaluates whether it is occurring naturally or is in part induced by some kind of external commercial policy. An index to measure import substitution was calculated for forty nine sectors of industry. A regression analysis with this index against effective tariffs and real effective exchange rate, during the period 1995-2000, shows that these variables (effective tariffs and real effective exchange rates) did affect the substitution index. From 1999 on, the influence of the exchange rate over the import substitution index was greater than the influence of the effective tariff, suggesting that the process of import substitution post the Brazilian currency depreciation occurred in 1999 contains elements that characterizes it as a "natural" process.