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Macro Effects on Agricultural Prices in Different Time Horizons

  • Koo, Won W.
  • Cho, Guedae
  • Kim, MinKyoung
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    Using monthly data covering 1974:1 to 2002:12, this paper explores the linkage between changes in macroeconomic variables (real exchange rate and inflation rate) and changes in relative agricultural prices in different time horizons (1, 12, 24, 36, 48, and 60 months). By controlling factors that determine the long-run trend of relative agricultural prices, the results show that long-term changes in real exchange rates have had a significant negative correlation with the long-term changes in relative agricultural prices. Conversely, changes in the general price significantly affect short-term changes in the relative agricultural price.

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    File URL: http://purl.umn.edu/19349
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    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19349.

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    Date of creation: 2005
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    Handle: RePEc:ags:aaea05:19349
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