THE OVERSHOOTING HYPOTHESIS: ARE AGRICULTURAL EXPORTS MORE SENSITIVE?

A seven-variable macroeconomic-agricultural VAR was used to test the overshooting hypothesis for agriculture, specifically that growth in agricultural exports are more sensitive to changes in monetary variables such as the money supply and exchange rates. No significant effects from macroeconomic variables were found to growth in either agricultural or nonagricultural exports. The effects that were found suggests that, if anything, growth in nonagricultural exports overshoot relative to growth in agricultural exports.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/270704
Language:
English
Total Pages:
15




 Record created 2018-04-04, last modified 2018-04-04

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