Premium
Est‐ce que les exportations sont une fonction monotone de la volatilité du taux de change? Le cas des exportations de viande porcine canadiennes.
Author(s) -
Bonroy Olivier,
Gervais JeanPhilippe,
Larue Bruno
Publication year - 2007
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1365-2966.2007.00402.x
Subject(s) - commit , volatility (finance) , economics , exchange rate , monetary economics , monotonic function , econometrics , international economics , mathematics , mathematical analysis , database , computer science
. Production and marketing lags in agri‐food supply chains often force agricultural producers and food processors to commit to output targets before prices and exchange rates are realized. A theoretical model illustrates how the processor's degree of risk aversion and domestic sales may cause the relationship between volatility of the exchange rate and exports to be non‐monotonic. The relationship between exchange rate volatility and Quebec pork exports to the United States and Japan is investigated using linear and non‐linear estimation methods. The results support the hypothesis that the relationship between exports and volatility is non‐monotonic.