The Exchange Rate and U.S. Agricultural Exports
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An export slump is one of the major problems plaguing U S agriculture Many of
the world economic forces, that had turned against U S farmers m the early
eighties have now changed The exchange rate is one of these forces This article
presents a simulation of the disparate impacts of depreciation on importers and
competing exporters, and the implications for specifying price transmission equations
in international trade models Protective policies, such as tariffs and quotas,
reduce the elasticity of exports with respect to a change in price