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Category_ID - 5
Doc_Title - Exchange Rate Misalignment and Agricultural Trade
Doc_Author - Guedae Cho, Ian M. Sheldon, Steve McCorriston
Doc_Number - AEDE-WP-0011-01
Doc_Start_Date - 06/13/2001
Doc_End_Date - 06/13/2002
Doc_URL_AddLocal - C:\WINNT\ACF1545.tmp
Tag_Functional - AED Econ Working Paper
Tag_SubUnit - Agricultural Economics,Finance,Trade
Tag_Program - NULL
Tag_Industry - Agribusiness,Government
Tag_Misc - NULL
Tag_Resources - NULL
Tag_Practice - Finance,Financial Policy,Trade

Using a sample consisting of bilateral trade flows across 10 developed countries between 1974 and 1995, this paper explores the effect of exchange rate misalignment on the growth of agricultural trade as compared to other sectors. Controlling for other factors likely to determine the growth in bilateral agricultural trade, the results show that long-run real exchange rate variability has had a significant negative effect on the growth of agricultural trade over this period. Moreover, the negative impact of misalignment on the growth of agricultural trade has been more significant compared to other sectors. Keywords: Exchange rates, misalignment, agricultural trade