Wheat inputs and the law of one price

Colin Carter and Neil A. Hamilton
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Neil A. Hamilton: Manitoba Department of Agriculture in Winnipeg, Postal: Manitoba Department of Agriculture in Winnipeg

Agribusiness, 1989, vol. 5, issue 5, 489-496

Abstract: This article tests the law of one price for wheat inputs tradeable between Canada and the United States. If Canadian and US input prices fail to equilibrate with exchange rate changes, the country which experiences a decrease in relative costs will have a competitive advantage. The results show that Canadian input prices did not increase as rapidly as US prices between 1977-86 and this suggests that, ceteris paribus, Canadian wheat producers were made relatively better off.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:5:y:1989:i:5:p:489-496

DOI: 10.1002/1520-6297(198909)5:5<489::AID-AGR2720050507>3.0.CO;2-R

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