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The Value Of The Dollar And Competitiveness Of U.S. Wheat Exports

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  • Haley, Stephen L.
  • Krissoff, Barry

Abstract

This report examines the changes in wheat exports over the period 1973-85. A three-country trade model is introduced as a framework for analyzing the impact on world wheat trade, U.S. wheat trade, and market price when changes in two real effective exchange rates occur: namely, an exchange rate based on U.S. trade with whgAt importers and an exchange rate based on global trade of wheat competitors. il Evidence suggests that the cumulative effect of a 1-percent depreciation (appreciation) in the value of the dollar is to expand (contract) U.S. wheat exports in the range of 1.9 to 3.0 percent.

Suggested Citation

  • Haley, Stephen L. & Krissoff, Barry, 1986. "The Value Of The Dollar And Competitiveness Of U.S. Wheat Exports," Staff Reports 277893, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277893
    DOI: 10.22004/ag.econ.277893
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    File URL: https://ageconsearch.umn.edu/record/277893/files/ers-report-248.pdf
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    References listed on IDEAS

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    1. Dutton, John & Grennes, Thomas, 1985. "Measurement of Effective Exchange Rates Appropriate for Agricultural Trade," Department of Economics and Business - Archive 259748, North Carolina State University, Department of Economics.
    2. Morris Goldstein & Mohsin S. Khan, 2017. "The Supply and Demand for Exports: A Simultaneous Approach," World Scientific Book Chapters, in: TRADE CURRENCIES AND FINANCE, chapter 2, pages 83-104, World Scientific Publishing Co. Pte. Ltd..
    3. Dallas S. Batten & Michael T. Belongia, 1986. "Monetary Policy, Real Exchange Rates, and U.S. Agricultural Exports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(2), pages 422-427.
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    Cited by:

    1. Krissoff, Barry & Morey, Art, 1986. "The Dollar Turnaround And U.S. Agricultural Exports," Staff Reports 277923, United States Department of Agriculture, Economic Research Service.
    2. Haley, Stephen L. & Krissoff, Barry, 1988. "The Value Of The Dollar And Competitiveness Of U.S. Wheat Exports: Further Evidence," Staff Reports 278031, United States Department of Agriculture, Economic Research Service.
    3. Sharples, Jerry A. & Dixit, Praveen M., 1988. "Forces that Could Expand U.S. Wheat Exports: Estimates From a World Wheat Trade Model," Staff Reports 277990, United States Department of Agriculture, Economic Research Service.
    4. Baxter, Timothy M. & Smith, Mark E., 1987. "Exchange Rate Risk, Dollar Appreciation, And U.S. Export Credit Programs," Staff Reports 277944, United States Department of Agriculture, Economic Research Service.

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