The J-Curve Effect and the U.S. Agricultural Trade Balance

Colin Carter and Daniel Pick

American Journal of Agricultural Economics, 1989, vol. 71, issue 3, 712-720

Abstract: According to the J-curve theory, following a currency depreciation, there will be an initial deterioration of the trade balance before an improvement is realized. This paper finds empirical evidence indicating the first segment of the J-curve does exist for the U.S. agricultural trade balance. A 10% depreciation of the U.S. dollar is estimated to lead a deterioration of the agricultural trade balance that will last for about nine months.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:71:y:1989:i:3:p:712-720.

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