THE IMPACT OF DEVALUATION ON U.S. AGRICULTURAL EXPORTS

Amalia Vellianitis-Fidas

Journal of Agricultural Economics Research, 1976, vol. 28, issue 3, 10

Abstract: The 1971 and 1973 official devaluations of the U.S. dollar have often been cited as a pivotal cause for the enormous price rises in agricultural products in 1972 and 1973. This article presents two studies that test the hypothesis that exchange rate changes have a significant effect on the demand for U.S. agricultural exports. The first is a cross-sectional study of the demand for U.S. agricultural exports by major U.S. trading partners in 1971-73. The second looks at the exchange rate changes of other countries and their demand for five agricultural commodities imported from the United States as well as the world during 1954-69. Both studies support the thesis that the special circumstances present in the agricultural sector negate the effects of exchange rate changes on the demand for U.S. agricultural exports.

Keywords: Agricultural and Food Policy; International Relations/Trade; Political Economy (search for similar items in EconPapers)
Date: 1976
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/147720/files/4Fidas_28_3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147720

DOI: 10.22004/ag.econ.147720

Access Statistics for this article

More articles in Journal of Agricultural Economics Research from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().