THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

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

No 23579, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

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 a panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility exhibited negative effects on world wheat trade, with even greater effects in the long-term measure. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat worldwide.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 19
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:nddaae:23579

DOI: 10.22004/ag.econ.23579

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