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Exchange Rates and Commodity Markets: Global Exports of Corn, Cotton, Poultry, and Soybeans

  • Almarwani, Abdul
  • Jolly, Curtis M.
  • Thompson, Henry

The effects of exchange rates and risk on major commodity exporters are examined in markets constructed from the top five importers and top three exporters from 1961 to 2000. Depreciation typically stimulates exports but the impacts vary considerably. Exchange risk has virtually no negative impacts. Importer incomes raise exports for about half the exporters, and major competitor market shares affect about half the exporters.

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File URL: http://purl.umn.edu/42144
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Article provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.

Volume (Year): 08 (2007)
Issue (Month): 1 (January)
Pages:

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Handle: RePEc:ags:aergaa:42144
Contact details of provider: Web page: http://www.etagro.gr/Email:


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  1. Pinelopi K. Goldberg & Michael M. Knetter, 1995. "Measuring the Intensity of Competition in Export Markets," NBER Working Papers 5226, National Bureau of Economic Research, Inc.
  2. Zakoian, Jean-Michel, 1994. "Threshold heteroskedastic models," Journal of Economic Dynamics and Control, Elsevier, vol. 18(5), pages 931-955, September.
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  10. Jolly, Curtis M. & Jefferson-Moore, Kenrett Y. & Traxler, Greg, 2005. "Consequences of Biotechnology Policy for Competitiveness and Trade of Southern U.S. Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(02), August.
  11. Kenen, Peter B & Rodrik, Dani, 1986. "Measuring and Analyzing the Effects of Short-term Volatility in Real Exchange Rates," The Review of Economics and Statistics, MIT Press, vol. 68(2), pages 311-15, May.
  12. Thompson, Henry & Upadhyaya, Kamal P., 1998. "The Impact of the Exchange Rate on Local Industry," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 51(1), pages 101-113.
  13. Chowdhury, Abdur R, 1993. "Does Exchange Rate Volatility Depress Trade Flows? Evidence from Error-Correction Models," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 700-706, November.
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  16. Thomas Klitgaard & James Orr, 1998. "Evaluating the price competitiveness of U.S. exports," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 4(Feb).
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  18. Fang, WenShwo & Lai, YiHao & Thompson, Henry, 2007. "Exchange rates, exchange risk, and Asian export revenue," International Review of Economics & Finance, Elsevier, vol. 16(2), pages 237-254.
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