Matches in SemOpenAlex for { <https://semopenalex.org/work/W1596818622> ?p ?o ?g. }
- W1596818622 abstract "There have been different degrees of exchange rate disequilibrium in the developing countries during transition or reform periods since the mid 1980s. The level of the exchange rate and its misalignment can have significant impacts on agricultural policy measures such as Producer Support Estimates (PSEs). In the conventional PSE analysis, however, the actual (nominal) exchange rates are used. There is general agreement that the use of actual exchange rates may introduce a bias in the PSE calculations, and that this bias can be substantial in some cases. But there is less agreement on the most appropriate alternative. In this study, we utilize various time series techniques to derive estimates of the equilibrium exchange rates in India and China from the 1970s to 2002 as determined by real economic fundamentals. The relevance and usefulness of the equilibrium exchange rates in the calculation of PSE for the two countries are then discussed. Drawing on the data sets and analyses developed earlier by Mullen, Orden and Gulati (2005) and Sun (2003), we find that agricultural support levels measured by the (from 1985-2002 for India and from 1995-2001 for China) are sensitive to alternative exchange rate assumptions. Specifically, exchange rate misalignments have either amplified or counteracted the direct effects from sectoral-specific policies. In India, such indirect effects are relatively small and mostly dominated by the direct effects. But in China, especially in recent years, the indirect effect from exchange rate misalignment (undervaluation) has been quite substantial. Results from this study also show that the effect of the exchange rate depends on the relative importance of different PSE components. The increasing share of budgetary expenditures in India's total agricultural support in recent years has resulted in more pronounced exchange rate effects measured by commodity-specific percentage PSEs that use the value of production at international prices as the denominator compared to those measured by commodity-specific percentage Market Price Support (MPS) with the same denominator. For China, the exchange rate effects are more similar between the PSE and the MPS measures because budgetary expenditures have been relatively small. The exchange rate effect when the PSE is scaled up from covered commodities to an estimate for the total agricultural sector is also demonstrated. Since the commodity coverage in both countries tends to be incomplete and the scaling-up procedure leads to a total MPS of greater magnitude, larger exchange rate effects are found in the scaled-up than the non-scaled-up version of total PSEs. The impact of scaling-up on the indirect effect is proportional to the share of covered commodities in the total value of agricultural production." @default.
- W1596818622 created "2016-06-24" @default.
- W1596818622 creator A5059405790 @default.
- W1596818622 creator A5068405758 @default.
- W1596818622 date "2005-02-01" @default.
- W1596818622 modified "2023-09-23" @default.
- W1596818622 title "Exchange Rate Misalignment and Its Effects on Agricultural Producer Support Estimates: Empirical Evidence from India and China" @default.
- W1596818622 cites W1530137823 @default.
- W1596818622 cites W1539158939 @default.
- W1596818622 cites W1552704033 @default.
- W1596818622 cites W1587141723 @default.
- W1596818622 cites W1592351190 @default.
- W1596818622 cites W1917757620 @default.
- W1596818622 cites W1971409762 @default.
- W1596818622 cites W1978656185 @default.
- W1596818622 cites W1998430962 @default.
- W1596818622 cites W2004737590 @default.
- W1596818622 cites W2007875894 @default.
- W1596818622 cites W2034707435 @default.
- W1596818622 cites W2041469763 @default.
- W1596818622 cites W2067505901 @default.
- W1596818622 cites W2088563154 @default.
- W1596818622 cites W2093684573 @default.
- W1596818622 cites W2105929208 @default.
- W1596818622 cites W2107717374 @default.
- W1596818622 cites W2122929775 @default.
- W1596818622 cites W2123094342 @default.
- W1596818622 cites W2146751755 @default.
- W1596818622 cites W2147375306 @default.
- W1596818622 cites W2155663488 @default.
- W1596818622 cites W2167948123 @default.
- W1596818622 cites W2607318265 @default.
- W1596818622 cites W2613976877 @default.
- W1596818622 cites W3021611465 @default.
- W1596818622 cites W3122756040 @default.
- W1596818622 cites W3122799440 @default.
- W1596818622 cites W3123481752 @default.
- W1596818622 cites W3124242186 @default.
- W1596818622 cites W3125426954 @default.
- W1596818622 cites W3126111152 @default.
- W1596818622 cites W3136945010 @default.
- W1596818622 cites W2064294208 @default.
- W1596818622 cites W2083238880 @default.
- W1596818622 doi "https://doi.org/10.22004/ag.econ.19121" @default.
- W1596818622 hasPublicationYear "2005" @default.
- W1596818622 type Work @default.
- W1596818622 sameAs 1596818622 @default.
- W1596818622 citedByCount "17" @default.
- W1596818622 countsByYear W15968186222013 @default.
- W1596818622 countsByYear W15968186222014 @default.
- W1596818622 countsByYear W15968186222015 @default.
- W1596818622 countsByYear W15968186222018 @default.
- W1596818622 countsByYear W15968186222020 @default.
- W1596818622 crossrefType "posted-content" @default.
- W1596818622 hasAuthorship W1596818622A5059405790 @default.
- W1596818622 hasAuthorship W1596818622A5068405758 @default.
- W1596818622 hasConcept C111472728 @default.
- W1596818622 hasConcept C118487528 @default.
- W1596818622 hasConcept C118518473 @default.
- W1596818622 hasConcept C138885662 @default.
- W1596818622 hasConcept C139719470 @default.
- W1596818622 hasConcept C149782125 @default.
- W1596818622 hasConcept C162324750 @default.
- W1596818622 hasConcept C166052673 @default.
- W1596818622 hasConcept C166957645 @default.
- W1596818622 hasConcept C18547055 @default.
- W1596818622 hasConcept C191935318 @default.
- W1596818622 hasConcept C205649164 @default.
- W1596818622 hasConcept C2776988154 @default.
- W1596818622 hasConcept C2778146401 @default.
- W1596818622 hasConcept C71924100 @default.
- W1596818622 hasConceptScore W1596818622C111472728 @default.
- W1596818622 hasConceptScore W1596818622C118487528 @default.
- W1596818622 hasConceptScore W1596818622C118518473 @default.
- W1596818622 hasConceptScore W1596818622C138885662 @default.
- W1596818622 hasConceptScore W1596818622C139719470 @default.
- W1596818622 hasConceptScore W1596818622C149782125 @default.
- W1596818622 hasConceptScore W1596818622C162324750 @default.
- W1596818622 hasConceptScore W1596818622C166052673 @default.
- W1596818622 hasConceptScore W1596818622C166957645 @default.
- W1596818622 hasConceptScore W1596818622C18547055 @default.
- W1596818622 hasConceptScore W1596818622C191935318 @default.
- W1596818622 hasConceptScore W1596818622C205649164 @default.
- W1596818622 hasConceptScore W1596818622C2776988154 @default.
- W1596818622 hasConceptScore W1596818622C2778146401 @default.
- W1596818622 hasConceptScore W1596818622C71924100 @default.
- W1596818622 hasLocation W15968186221 @default.
- W1596818622 hasOpenAccess W1596818622 @default.
- W1596818622 hasPrimaryLocation W15968186221 @default.
- W1596818622 hasRelatedWork W1555278442 @default.
- W1596818622 hasRelatedWork W1558651045 @default.
- W1596818622 hasRelatedWork W1565904320 @default.
- W1596818622 hasRelatedWork W1578072031 @default.
- W1596818622 hasRelatedWork W2001185171 @default.
- W1596818622 hasRelatedWork W2028791173 @default.
- W1596818622 hasRelatedWork W2045157788 @default.
- W1596818622 hasRelatedWork W2054889701 @default.
- W1596818622 hasRelatedWork W2075953947 @default.
- W1596818622 hasRelatedWork W2103442776 @default.
- W1596818622 hasRelatedWork W2104449666 @default.