THE OVERSHOOTING HYPOTHESIS: ARE AGRICULTURAL EXPORTS MORE SENSITIVE?

James Seale () and Charles Moss

No 270704, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A seven-variable macroeconomic-agricultural VAR was used to test the overshooting hypothesis for agriculture, specifically that growth in agricultural exports are more sensitive to changes in monetary variables such as the money supply and exchange rates. No significant effects from macroeconomic variables were found to growth in either agricultural or nonagricultural exports. The effects that were found suggests that, if anything, growth in nonagricultural exports overshoot relative to growth in agricultural exports.

Keywords: Agricultural and Food Policy; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 15
Date: 1989-07-30
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Working Paper: THE OVERSHOOTING HYPOTHESIS: ARE AGRICULTURAL EXPORTS MORE SENSITIVE? (1989)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270704

DOI: 10.22004/ag.econ.270704

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