THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

Changyou Sun, Mina Kim, Won W. Koo, Guedae Cho and Hyun Jin ()

No 19766, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat trade worldwide.

Keywords: wheat; export; exchange rate; volatility; gravity model; and panel data.; International; Relations/Trade (search for similar items in EconPapers)
Pages: 23
Date: 2002
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Citations: View citations in EconPapers (7)

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Working Paper: THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19766

DOI: 10.22004/ag.econ.19766

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