A POLICY ANALYSIS OF EXCHANGE RATE FLUCTUATIONS ON THE RURAL SECTOR: THE EXPERIENCE OF THE CANADIAN RED MEAT INDUSTRY*
研究了1976年以来加元对美元贬值超过20%对加拿大红肉生产者的影响，通过北美红肉部门政策模型模拟10%贬值，发现汇率并非红肉生产、消费和贸易的决定性因素。
Since 1976 the Canadian dollar has devalued by more than 20 percent vis‐à‐vis the US dollar. Many commentators have hypothesised that the devaluation has provided substantial benefits to Canadian producers of red meat. To test this hypothesis, a policy model of the North American red meat sector is formulated which captures the exchange rate effects on both product and factor prices. The model specification and validation are presented, followed by the simulation results for a 10 percent devaluation of the Canadian dollar. The major conclusion is that the exchange rate has not been a significant factor in the determination of production, consumption and trade of red meats.