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How Differently Do The Agricultural And Industrial Sectors Respond To Exchange Rate Fluctuation?

Author

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  • Kim, MinKyoung
  • Koo, Won W.

Abstract

This study divides the U.S. economy into the agricultural and industrial sectors and compares the degree of involvement of exchange rates in each sector without specifying the rigid assumption of either exogeneity or endogeneity of exchange rates. Both short- and long-run impacts of shocks in the exchange rate are found to be significant. However, the effect of an exchange rate shock on the agricultural sector is larger than that on the industrial sector. This study examines a fundamental question about the role of the exchange rate in the two sectors. The exchange rate is exogenous in the agricultural sector, while being endogenous in the industrial sector.

Suggested Citation

  • Kim, MinKyoung & Koo, Won W., 2002. "How Differently Do The Agricultural And Industrial Sectors Respond To Exchange Rate Fluctuation?," Agribusiness & Applied Economics Report 23589, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:23589
    DOI: 10.22004/ag.econ.23589
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    File URL: https://ageconsearch.umn.edu/record/23589/files/aer482.pdf
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    Citations

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    Cited by:

    1. Jin, Y. & Jin, S., 2018. "The Heterogeneous Impact of Exchange Rate Volatility on Agricultural Export: Evidence from Chinese Food Firm-level Data," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277197, International Association of Agricultural Economists.
    2. Cho, Guedae & Kim, MinKyoung & Koo, Won W., 2003. "Relative Agricultural Price Changes In Different Time Horizons," 2003 Annual meeting, July 27-30, Montreal, Canada 22249, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Koo, Won W. & Cho, Guedae & Kim, MinKyoung, 2005. "Macro Effects on Agricultural Prices in Different Time Horizons," 2005 Annual meeting, July 24-27, Providence, RI 19349, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Mina Kim & Gue Dae Cho & Won W. Koo, 2004. "Does the Exchange Rate Matter to Agricultural Bilateral Trade between Canada and the U.S.?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(1), pages 127-145, March.
    5. Longjiang Chen, 2011. "The effect of China's RMB exchange rate movement on its agricultural export: A case study of export to Japan," China Agricultural Economic Review, Emerald Group Publishing, vol. 3(1), pages 26-41, January.

    More about this item

    Keywords

    International Relations/Trade;

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