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- Title
Incerteza e atividade industrial brasileira: uma abordagem setorial.
- Authors
Stephanie Zerbinatti, Ariana; de Paula Rocha, Bruno; Gouvêa Abras, Ana Luísa
- Abstract
This paper aims to analyze the effects of uncertainty on Brazilian industrial production. We estimate fixed effects panels considering 17 subsectors of manufacturing activity. Also, we calculate two types of proxies to uncertainty: a) 17 subsectorial indexes and b) two aggregate indexes, in order to measure industrial uncertainty. The results showed that the different kinds of uncertainty negatively affect industrial production. Despite the fact that subsectorial uncertainty does not impact differently the types of goods (capital, intermediate, durable and nondurable goods), there is evidence that macroeconomic uncertainty has a distinct effect among them, being the capital goods production more negatively affected.
- Subjects
PANEL analysis; ECONOMIC activity; DURABLE consumer goods
- Publication
Nova Economia, 2021, Vol 31, Issue 2, p455
- ISSN
0103-6351
- Publication type
Article
- DOI
10.1590/0103-6351/5957