EFFECTS OF AN EXCHANGE RATE CHANGE ON AGRICULTURAL TRADE

A theoretical model is reviewed and used to evaluate the effects of currency devaluation or revaluation on production, consumption, trade, and price in both exporting and importing countries. The model is applied to the effects of devaluation on the agricultural sector, when supply and demand are inelastic. Based on the analysis, devaluation will have only a small impact on agricultural trade. What effect there is will be primarily on price rather than quantity.


Issue Date:
1976-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/147715
Published in:
Agricultural Economics Research, Volume 28, Number 3
Page range:
99-106
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-27

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)