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- W2060605761 abstract "Studies of the effects of real exchange rates on agriculture commonly assume that these effects can be identified as those which pertain to traded goods in the standard Australian model of an open economy. Further, it is common to assume that the indirect effects of changes in the real exchange rate have the same impact on the various production activities within agriculture. This paper discusses the extent to which these stylized facts reflect reality, focusing in particular on: the extent of tradibility in agricultural markets; the irrelevance of results based on “free trade” equilibria to policy analyses; and the importance of the characteristics of crop production functions in estimating the effects of real exchange rate changes. Ignoring these considerations can cause errors in the measurement of policy effects on agricultural incentives." @default.
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- W2060605761 date "1992-07-01" @default.
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- W2060605761 title "Pitfalls in the measurement of real exchange rate effects on agriculture" @default.
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- W2060605761 doi "https://doi.org/10.1016/0305-750x(92)90127-h" @default.
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