Pass‐Through of Exchange Rates and Tariffs in Brazil—U.S. Tobacco Trade
研究汇率和关税变化如何传导至美国从巴西进口的未加工烟草价格，发现农产品价格并非完全灵活，企业可能通过贸易策略维持市场份额。
Abstract This paper examines the extent to which exchange rate and tariff changes are passed through in U.S. import prices of unmanufactured tobacco from Brazil. The model used considers the possibility of market imperfections in international trade and the potential effects of strategic trade policies. The results indicate that agricultural prices may not be as flexible as commonly thought. Furthermore, exchange rate and tariff changes are not fully passed through to U.S. tobacco import prices, which indicates that firms selling Brazilian tobacco may use trade strategies to maintain or even increase their trade shares in the U.S. tobacco market.