Business and Economics Journal

ISSN: 2151-6219

Open Access

Regina Meyer Branski

Department of Mining and Petroleum Engineering, University of Sao Paulo, São Paulo, Brazil

  • Research   
    Oil Price and Brazilian Economic Indicators
    Author(s): Regina Meyer Branski*

    The oil price variations affect the economy of all countries. In 2006, Brazil discovered important oil reserves in the so-called pre-salt and became an important producer. Consequently, it became more affected by fluctuations in the price of this commodity. The impact of changes in oil price on a country's economy can be assessed by looking at its relationship with the economic indicators. The objective of the study was to identify patterns and relationships between the oil price and the following Brazilian economic indicators: Gross Domestic Product (GDP), Trade Balance, Inflation, Tax Collection, and Unemployment Rate. After collecting quarterly data for the last 20 years, between 2000 and 2019, it was applied the statistical tests of Cross-Correlation, Granger Causality, and Cointegration. The cross-correlation test showed that increases in the oil price are moderately associat.. Read More»

    Abstract PDF

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