Abstract (Translated):
The aim of this study is to evaluate the potential process of early deindustrialization in Brazil, or the reduction of the share of manufacturing in the added value, that occurred in a per capita income level that, according to the specialized literature, it is not justified. For this intent, we tested a model with the variables that could have lead to the reduction process of manufacturing share in the added value, which has been observed in Brazil since the 1980`s. Our major interest is to evaluate if the overvaluation of the exchange rate in Brazil could exert some influence on this process and the results apparently confirm this hypothesis.
