Complexidade e o apoio do BNDES às exportações

Abstract

The Brazilian Development Bank (BNDES) focuses primarily on capital goods and their parts and pieces when financing Brazilian exports. Among other factors, this emphasis reflects the segment is generally characterized by high technological contente and added value, which are characteristics that tend to qualify it to be supported by public policies worldwide. An alternative way to understand the sector emerged with the line of research that analyzes the complexity of products through their international trade patterns, reaching an indicator that highlights the relation between comparative advantage in the export of complex goods and higher income levels. This article shows the path of origin and concepts behind the product complexity indicators, their results, and their application to Brazilian exports and to the list of financeable products of the BNDES Exim export lines.