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Effects Of An Exchange Rate Change On Agricultural Trade

Author

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  • Kost, William E.

Abstract

A theoretical model is reviewed and used to evaluate the effects of currency devaluation or revaluation on production, consumption, trade, and price in both exporting and importing countries. The model is applied to the effects of devaluation on the agricultural sector, when supply and demand are inelastic. Based on the analysis, devaluation will have only a small impact on agricultural trade. What effect there is will be primarily on price rather than quantity.

Suggested Citation

  • Kost, William E., 1976. "Effects Of An Exchange Rate Change On Agricultural Trade," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 28(3), pages 1-8, July.
    • Handle: RePEc:ags:uersja:147715
    DOI: 10.22004/ag.econ.147715
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    Citations

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    Cited by:

    1. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 156229, University of Guelph, Department of Food, Agricultural and Resource Economics.
    2. Ronald A. Babula & Fred J. Ruppel & David A. Bessler, 1995. "U.S. corn exports: the role of the exchange rate," Agricultural Economics, International Association of Agricultural Economists, vol. 13(2), pages 75-88, November.
    3. Chase Wilde, Linda & Cornell, Laurence D. & Sorenson, Vernon L. & Black, J. Roy, 1986. "World Grain Trade: An Evaluation of Factors Affecting Net Import Demand for Wheat and Coarse Grains by Selected Countries," Agricultural Economic Report Series 201358, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Trofimov, Ivan D., 2020. "The J-curve Effect in Agricultural Commodity Trade: An Empirical Study of South East Asian Economies," MPRA Paper 106701, University Library of Munich, Germany.
    5. Richards, Peter D., 2012. "Exchange Rates, Soybean Supply Response, and Deforestation in South America," Graduate Research Master's Degree Plan B Papers 138606, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    6. Colin A. Carter & Neil A. Hamilton, 1989. "Wheat inputs and the law of one price," Agribusiness, John Wiley & Sons, Ltd., vol. 5(5), pages 489-496.
    7. Liu, Zong-Shin, 1989. "Monetary policy, exchange rate, and effects on US wheat trade and domestic market in an imperfect competition framework," ISU General Staff Papers 1989010108000010216, Iowa State University, Department of Economics.
    8. Devadoss, S., 1985. "The impacts of monetary policies on US agriculture," ISU General Staff Papers 198501010800008837, Iowa State University, Department of Economics.
    9. Dmitry Burakov, 2016. "Elasticity of Agricultural Prices in Russia: An Empirical Study of Energy and Monetary Channels," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 551-562.
    10. Hallberg, Milton C. & Herendeen, James B., 1996. "Macroeconomic Policy and Agricultural Cycles in Australia and the United States," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(01), pages 1-15, April.
    11. Fuller, Frank Harland, 1996. "The location of marginal production for value-added and intermediate goods: optimal policies and trade volumes," ISU General Staff Papers 1996010108000012147, Iowa State University, Department of Economics.

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