PANORAMA AND ECONOMIC IMPORTANCE OF COFFEE IN THE INTERNATIONAL MARKET FOR AGRICULTURAL COMMODITIES: A SPECTRAL ANALYSIS

Abstract

ABSTRACT: This paper aims to discuss the panorama and importance of coffee for Brazil, especially in economic terms, by making use of the empirical and analytical instruments of the spectral analysis, based on the time series of coffee prices in the international agricultural commodities market. New York (USA). In fact, coffee is an important component of total exports from several countries, including Brazil. Over time, coffee has become an economically important product of many families around the world. From the methodological point of view, the research used the statistical-econometric framework derived from the spectral analysis of time series. The results of this analysis show that climate shocks on coffee prices may have longer effects and those agricultural policies that directly affect the coffee production chain may have longer lasting effects. Moreover, the results indicate that the coffee price trend is in a combination of deterministic and stochastic trends.KEYWORDS: Agricultural Commodities, Brazil, Coffee, Spectral Analysis.