The Effects Of Exchange Rate Volatility On Agricultural Trade
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Author | : Ivan T. Kandilov |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
I extend Cho, Sheldon, and McCorriston's (2002) analysis of the effect of exchange rate volatility on agricultural trade among the G-10 countries to a broad sample of developed and developing nations. I replicate their original finding that exchange rate volatility has a large negative impact on agricultural trade between G-10 members. After controlling for agricultural export subsidies, which are correlated with exchange rate volatility, I show that the original impact declines by half. Using the extended sample, I find that the effect of exchange rate volatility is much larger for developing country exporters than for developed exporters.
Author | : Suchada Vichitakul Langley |
Publisher | : Captus Press |
Total Pages | : 184 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9781553220435 |
Author | : Abimbola A. Adubi |
Publisher | : |
Total Pages | : 64 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
Author | : Kashi Kafle |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 124 |
Release | : 2012-04 |
Genre | : |
ISBN | : 9783848436187 |
This study documents the effect of exchange rate volatility and the real exchange rate on bilateral agricultural exports, imports and total trade (exports + imports) flows between the United States and OECD countries. The effect of exchange rate volatility is estimated both separately from and in combination with the real exchange rate. In addition, effects of implementation of Free Trade Agreements (FTAs) and use of the Euro as a national currency (Euro) are also estimated. With an empirical model based on a gravity equation, the results show that exchange rate volatility and the real exchange rate have a statistically significant and negative effect on agricultural, non-agricultural and total exports, imports, and trade (exports +imports) flows. Exchange rate volatility is found to have a greater impact on the agricultural sector, while the real exchange rate has a greater impact on the non-agricultural sector. Effects of FTAs and the Euro are always positive, with FTAs having a greater impact on the agricultural sector and the Euro on the non-agricultural sector.
Author | : Thomas Grennes |
Publisher | : CRC Press |
Total Pages | : 314 |
Release | : 2019-04-24 |
Genre | : Science |
ISBN | : 0429722206 |
This book is an outcome of the conference on International Finance and Agricultural Trade in San Antonio, in 1988. Events such as the twin budget and trade deficits of US, large swings in the value of the dollar, and the Uruguay round of GATT negotiations spurred the interest of the conference.
Author | : Barry Krissoff |
Publisher | : |
Total Pages | : 40 |
Release | : 1987 |
Genre | : Agriculture |
ISBN | : |
Author | : Ying Qian |
Publisher | : World Bank Publications |
Total Pages | : 47 |
Release | : 1992 |
Genre | : Exports |
ISBN | : |
Inconsistency in the relationship between exchange rate volatility and export growth reflects differences among countries in the currency in which trade is invoiced. Also, exchange rate volatility may affect the allocation of trade more than its level.
Author | : Tshikala B. Tshibaka |
Publisher | : Intl Food Policy Res Inst |
Total Pages | : 72 |
Release | : 1986 |
Genre | : Business & Economics |
ISBN | : 9780896290570 |
Research report, trade policy, exchange rate, agricultural policy, agricultural production, agriculture, Zaire since 1960 - economic policy, economic analysis, economic development, food import volume, food security, inflation, balance of payments, cash crop export volume, statistical analysis. Bibliography, graphs, statistical tables.
Author | : Margot Anderson |
Publisher | : |
Total Pages | : 28 |
Release | : 1988 |
Genre | : Agriculture |
ISBN | : |
Author | : Sandro Steinbach |
Publisher | : |
Total Pages | : |
Release | : 2021 |
Genre | : |
ISBN | : |
This paper analyzes the impact of exchange rate risk on global food supply chains. Although the theoretical literature suggests ambivalence regarding the sign and magnitude of this effect, most empirical studies indicate a negative association between exchange rate volatility and international trade flows. I contribute to the ongoing debate by investigating the relationship at the product-level using a sectoral gravity model and relying on detailed retrospective trade and exchange rate data for a balanced panel of 159 countries for 2001 to 2017. I study the relationship for 781 agricultural and food products and estimate the trade effects of short-run and long-run exchange rate volatility. My findings indicate significant heterogeneity in the trade effects of exchange rate risk. While the mean trade effects are positive for short-run and long-run volatility, these effects vary substantially according to product and industry characteristics. I find a positive association between exchange rate volatility and the trade effects for upstreamness and a negative association for downstreamness of the traded products. I show that the significant and adverse trade effects in earlier studies result from model misspecification and measurement errors. This research enhances the understanding of the implications of exchange rate volatility which is a primary source of international risk exposure for global food supply chains.