Journal article
Authors list: Anders, Sven; Fedoseeva, Svetlana
Publication year: 2017
Pages: 372-37+
Journal: Journal of agricultural and resource economics
Volume number: 42
Issue number: 3
ISSN: 1068-5502
eISSN: 2327-8285
Publisher: WESTERN AGRICULTURAL ECONOMICS ASSOC
Abstract:
Few studies to date have investigated the extent of linkages between long-run asymmetries in bilateral trade and fluctuations in real exchange rates and importer demand in non-oil commodity markets. This paper generates estimates of trade elasticities in U.S. raw coffee imports, applying a nonlinear autoregressive distributed lag model and explicitly testing the extent to which nonlinearities matter to U.S. commodity sourcing in the short and long run. Models with asymmetries in both exchange rates and U.S. income point to the critical role that asymmetric pass-through plays in explaining long-run dynamics in U.S. import trade for a major commodity supply chain.
Citation Styles
Harvard Citation style: Anders, S. and Fedoseeva, S. (2017) Quality, Sourcing, and Asymmetric Exchange-Rate Pass-Through into US Coffee Imports, Journal of agricultural and resource economics, 42(3), pp. 372-37+
APA Citation style: Anders, S., & Fedoseeva, S. (2017). Quality, Sourcing, and Asymmetric Exchange-Rate Pass-Through into US Coffee Imports. Journal of agricultural and resource economics. 42(3), 372-37+.
Keywords
asymmetric cointegration; BOUNDS TESTING APPROACH; coffee trade; COMMODITY TRADE; EUROPEAN EXPORTS; FLOWS; GASOLINE; import demand; NARDL; RATE NONLINEARITIES; RATE VOLATILITY; real exchange rates; trade elasticities
