The Effects of Exchange Rate Volatility on Agricultural Trade
扩展了Cho等人关于汇率波动对农产品贸易影响的研究，发现汇率波动对G10国家贸易的负面影响在控制农业出口补贴后减半，且对发展中国家出口商的影响远大于发达国家。
Abstract I extend Cho, Sheldon, and McCorriston's (2002) analysis of the effect of exchange rate volatility on agricultural trade among the G‐10 countries to a broad sample of developed and developing nations. I replicate their original finding that exchange rate volatility has a large negative impact on agricultural trade between G‐10 members. After controlling for agricultural export subsidies, which are correlated with exchange rate volatility, I show that the original impact declines by half. Using the extended sample, I find that the effect of exchange rate volatility is much larger for developing country exporters than for developed exporters.