TY - JOUR AU - Neto, Raul de Gouvea PY - 1992/01/01 Y2 - 2024/03/28 TI - Regional exports and imbalances: a portfolio analysis JF - Brazilian Journal of Political Economy JA - BJPE VL - 12 IS - 1 SE - DO - 10.1590/0101-31571992-0654 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1407 SP - 122-133 AB - <p>This paper estimates the impact of regional export structures on the risk and<br />return of regional export portfolios. The Markowitz model is used to assess the risk and<br />return of export products structures of three Brazilian economic regions. More specifically,<br />the paper tests the hypothesis that economic regions with highly diversified export structure<br />will observe more efficient export portfolios than those with only moderate or no portfolio<br />diversification. In order to test this hypothesis, we used the export structures of three<br />Brazilian economic regions: the South, the Southeast and the Northeast. The results show<br />that portfolio theory can provide policymakers with an alternative way of assessing export<br />earnings instability and export promotion strategies.</p><p><strong>JEL Classification:</strong> F1; F3.</p> ER -