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Dynamics In The Macroeconomy And The U.S. Agricultural Trade Balance

Author

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  • Baek, Jungho
  • Koo, Won W.

Abstract

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.

Suggested Citation

  • Baek, Jungho & Koo, Won W., 2006. "Dynamics In The Macroeconomy And The U.S. Agricultural Trade Balance," Agribusiness & Applied Economics Report 23619, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:23619
    DOI: 10.22004/ag.econ.23619
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    File URL: https://ageconsearch.umn.edu/record/23619/files/aer596.pdf
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    Keywords

    Agricultural and Food Policy;

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