The Effect of an Echange Rate Change on Commodity Trade

William E. Kost

No 284080, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A theoretical model is developed and used to evaluate the effects of either a devaluation or revaluation upon production, consumption, trade and price of a particular commodity in both exporting and importing countries. This model is used to analyze the theoretical effects of a devaluation on the agricultural sector of an economy. One concludes that a devaluation will have only a small impact on agricultural trade. What effect there is will be primarily a price effect rather than a quantity effect. Therefore a country cannot necessarily look to its agricultural sector for the major contribution to improving the balance of payments position via a devaluation.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 32
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284080

DOI: 10.22004/ag.econ.284080

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