Journal Article

Is Exchange Rate Pass-Through in Pork Meat Export Prices Constrained by the Supply of Live Hogs?

Jean-Philippe Gervais and Naceur Khraief

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 89, issue 4, pages 1058-1072
Published in print November 2007 | ISSN: 0002-9092
Published online November 2007 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.1111/j.1467-8276.2007.01030.x
Is Exchange Rate Pass-Through in Pork Meat Export Prices Constrained by the Supply of Live Hogs?

More Like This

Show all results sharing these subjects:

  • International Trade
  • Agricultural Economics
  • International Finance

GO

Show Summary Details

Preview

The impact of lags in the production and marketing of agricultural products on the degree of exchange rate pass-through in export prices is investigated. The predictions of the theoretical model are tested by investigating Canadian pork export prices in the United States and Japan. The empirical methodology accounts for unit root and cointegration using the dynamic seemingly unrelated regression framework and a minimum distance estimator. Predetermined hog supplies have a statistically significant impact on export prices of two out of three Canadian provinces. The degree of misspecification involved with standard pass-through models that do not account for production lags is also illustrated.

Keywords: Canadian pork exports; dynamic seemingly unrelated regression; exchange rate pass-through; minimum distance estimator; production lags; F140; F310; Q110; Q130; Q170

Journal Article.  8073 words.  Illustrated.

Subjects: International Trade ; Agricultural Economics ; International Finance

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.