A Critique of Exchange Rate Treatment in Agricultural Trade Models

Robert G. Chambers and Richard Just

American Journal of Agricultural Economics, 1979, vol. 61, issue 2, 249-257

Abstract: The recent theoretical and empirical literature on the role of exchange rates in agricultural prices and trade is reviewed. Specifically, alternative specifications of the exchange rate in excess demand functions are considered. Results show that the specification most common in recent theoretical and empirical work is unnecessarily restrictive and may bias the resulting analysis. Several less restrictive specifications for empirical research are suggested.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:61:y:1979:i:2:p:249-257.

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