THE VALUE OF THE DOLLAR AND COMPETITIVENESS OF U.S. WHEAT EXPORTS

Stephen L. Haley and Barry Krissoff

No 277893, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report examines the changes in wheat exports over the period 1973-85. A three-country trade model is introduced as a framework for analyzing the impact on world wheat trade, U.S. wheat trade, and market price when changes in two real effective exchange rates occur: namely, an exchange rate based on U.S. trade with whgAt importers and an exchange rate based on global trade of wheat competitors. il Evidence suggests that the cumulative effect of a 1-percent depreciation (appreciation) in the value of the dollar is to expand (contract) U.S. wheat exports in the range of 1.9 to 3.0 percent.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Pages: 32
Date: 1986-07
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277893

DOI: 10.22004/ag.econ.277893

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