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

Posted: 1 Oct 2007

See all articles by Jean Gervais

Jean Gervais

Université Laval

Naceur Khraief

Laval University - Economics

Abstract

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.

Suggested Citation

Gervais, Jean-Philippe and Khraief, Naceur, Is Exchange Rate Pass-Through in Pork Meat Export Prices Constrained by the Supply of Live Hogs?. American Journal of Agricultural Economics, Vol. 89, No. 4, pp. 1058-1072, November 2007, Available at SSRN: https://ssrn.com/abstract=1018129 or http://dx.doi.org/10.1111/j.1467-8276.2007.01030.x

Jean-Philippe Gervais (Contact Author)

Université Laval ( email )

4415 Comtois
Quebec, Quebec G1K 7P4
Canada
418-656-2131 x 2122 (Phone)
418-656-7821 (Fax)

HOME PAGE: http://www.ulaval.ca/vrr/rech/Cherc/812121.html

Naceur Khraief

Laval University - Economics ( email )

Quebec G1K 7P4
Canada

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