The J-curve effect and the U.S. agricultural trade balance

According to the J-curve theory, following a currency depreciation, there will be an initial deterioration of the trade balance before an improvement is realized. This paper finds empirical evidence indicating the first segment of the J-curve does exist for the U.S. agricultural trade balance. A 10%...

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Bibliographic Details
Published inAmerican journal of agricultural economics Vol. 71; no. 3
Main Authors Carter, C.A. (University of California, Davis), Pick, D.H
Format Journal Article
LanguageEnglish
Published 01.08.1989
Subjects
AMORTISSEMENT
AMORTIZACION
BALANCE COMMERCIALE
BALANZA COMERCIAL
COMERCIO
COMMERCE
ECONOMIA
ECONOMIE
ESTADOS UNIDOS DE AMERICA
ETATS-UNIS
MODELE
MODELOS
POLITICA MONETARIA
POLITIQUE MONETAIRE
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Summary:According to the J-curve theory, following a currency depreciation, there will be an initial deterioration of the trade balance before an improvement is realized. This paper finds empirical evidence indicating the first segment of the J-curve does exist for the U.S. agricultural trade balance. A 10% depreciation of the U.S. dollar is estimated to lead a deterioration of the agricultural trade balance that will last for about nine months
Bibliography:9017850
E70
ISSN:0002-9092
1467-8276
DOI:10.2307/1242027