DYNAMICS IN THE MACROECONOMY AND THE U.S. AGRICULTURAL TRADE BALANCE

The effects of the exchange rate and the income and money supply of the United States and its major trading partners on the U.S. agricultural trade balance are examined using an autoregressive distributed lag (ARDL) model. Results suggest that the exchange rate is the key determinant of the short- and long-run behavior of the trade balance. It is also found that the income and money supply in both the United States and the trading partners have significant impacts on the U.S. agricultural trade in both the short- and long-run.


Issue Date:
2006
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/23619
Total Pages:
15
Series Statement:
Agribusiness & Applied Economics Report No. 596




 Record created 2017-04-01, last modified 2017-08-02

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