Aer Agricultural Exports any Special? Exchange Rate Nonlinearities in European Expors to the US

Using aggregated EMU exports to the US as an example, VERHEYEN (2013) showed, that in the long run exports react to exchange rate changes in a nonlinear way. In this paper we test whether this holds true for agri-food exports as well. To address this question we apply a partial sum decomposition approach and the NARDL framework of SHIN et al. (2013) to the aggregated agricultural exports of eleven European countries to the US, which is currently the major trade partner of the EU in agricultural trade. Our outcomes suggest, that the exchange rate nonlinearities are even more pronounced in agricultural than in total exports. European exporters seem to benefit more from Euro depreciation, than its appreciation harm them, which we interpret as a sign of possible pricing strategies application (e.g., pricing-to-market) to European agri-food exports.

Issue Date:
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
PURL Identifier:
Total Pages:

 Record created 2017-04-01, last modified 2020-10-28

Download fulltext

Rate this document:

Rate this document:
(Not yet reviewed)