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Exchange Rates Impacts on Agricultural Inputs Prices using VAR

Author

Listed:
  • Yeboah, Osei-Agyeman
  • Shaik, Saleem
  • Allen, Albert J.

Abstract

The effects of the U.S. dollar exchange rate versus the Mexican peso are evaluated for four traded nonfarm-produced inputs (fertilizer, chemicals, farm machinery, and feed) in the U.S. Unit root tests suggest that the exchange rate and the four input price ratios support the presence of unit roots with a trend model but the presence unit roots can be rejected in the first difference model. This result is consistent with a fixed price/flex price conceptual framework, with industrial prices more likely to be unresponsive to the exchange rate than farm commodity prices.

Suggested Citation

  • Yeboah, Osei-Agyeman & Shaik, Saleem & Allen, Albert J., 2009. "Exchange Rates Impacts on Agricultural Inputs Prices using VAR," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(2), August.
    • Handle: RePEc:ags:joaaec:53096
    DOI: 10.22004/ag.econ.53096
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    Keywords

    Agribusiness; Financial Economics; International Relations/Trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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