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Original Articles

Which volatility? The case of the exports of wheat

Pages 681-684 | Published online: 06 Oct 2010
 

Abstract

In the paper it is suggested that the level of demand for exports and its variability are more important than the variability of the exchange rate for a commodity whose storage costs are not negligible. Evidence in favour of this hypothesis is provided by panel data analysis for the USA exports of wheat for the period 1980–1996.

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