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Brazil's New Floating Exchange Rate Regime and Competitiveness in the World Poultry Market

Published online by Cambridge University Press:  28 April 2015

Ecio F. Costa
Ecio F. Costa*
Affiliation:
Department of Agricultural and Applied Economics, University of Georgia, Athens, GA 30602-7509
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Abstract

In early 1999, Brazil devalued its currency, increasing its competitiveness in the poultry industry and capturing world market share. This paper discusses the devaluation and its effects on Brazil's trade, evaluates preliminary statistics on the impact of the devaluation on world poultry markets, and reports the results from a computable general equilibrium (CGE) simulation of the devaluation. The medium-run CGE results are compared to the short-run impacts reflected in the preliminary statistics.

Keywords

Brazilcurrency devaluationGTAPpoultryworld market share421
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 33 , Issue 2 , August 2001 , pp. 367 - 375
Copyright
Copyright © Southern Agricultural Economics Association 2001

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