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Exchange Rates, Foreign Income, and U.S. Agriculture AgEcon
Shane, Mathew; Roe, Terry L.; Somwaru, Agapi.
This paper focuses on estimating the effects of trade partner income and real trade-weighted exchange rates on US agricultural exports. For the period 1970-2003, a one percent annual increase in trade partners’ income is found to increase total agricultural exports by about 1.6 percent while a one percent appreciation of the dollar relative to trade partner trade-weighted currencies decreases total agricultural exports by about 0.8 percent. We find these effects also carry over to 12 commodity subcategories, although the effects are conditioned by differences between bulk and high value commodities, and differences in the export demand from high compared to low income countries. We also find that the negative effect of exchange rate appreciation on exports...
Tipo: Conference Paper or Presentation Palavras-chave: Exchange rates; U.S. agricultural trade; U.S. agricultural commodity exports; U.S. agricultural export prices; Foreign income; International Relations/Trade; F10; F14; Q17.
Ano: 2006 URL: http://purl.umn.edu/6686
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Exchange Rates, Foreign Income, and U.S. Agricultural Exports AgEcon
Shane, Mathew; Roe, Terry L.; Somwaru, Agapi.
While it is generally accepted that change in the real value of the dollar is an important determinant of exports, it has not been rigorously demonstrated that this relationship, derivable from theory, holds empirically for agricultural exports and the components of agricultural exports. Starting with a dynamic maximizing framework, this paper estimates the real trade-weighted exchange rate and trade partner income effects on U.S. agricultural exports. For the period 1970–2006, a one percent annual increase in trade partners’ income is found to increase total agricultural exports by about 0.75 percent, while a one percent appreciation of the dollar relative to trade partner trade-weighted currencies decreases total agricultural exports by about 0.5...
Tipo: Journal Article Palavras-chave: Exchange rates; U.S. agricultural trade; U.S. agricultural commodity exports; U.S. agricultural export prices; Foreign income; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/45666
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Exchange Rates, Foreign Income and U.S. Agriculture AgEcon
Roe, Terry L.; Shane, Mathew; Somwaru, Agapi.
Tipo: Working or Discussion Paper Palavras-chave: Exchange rates; U.S. agricultural trade; U.S. agricultural commodity exports; U.S. agricultural export prices; Foreign income; International Relations/Trade; F10; F14; Q17.
Ano: 2006 URL: http://purl.umn.edu/12975
Registros recuperados: 3
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