NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Causes and Consequences of the Export Enhancement Program for Wheat

Pinelopi K. Goldberg, Michael M. Knetter

NBER Working Paper No. 5359
Issued in November 1995
NBER Program(s):   ITI

This paper uses regression analysis to study the causes and impacts of the Export Enhancement Program for wheat. We find that the overwhelming causes of the EEP, faltering export markets and swelling government stocks are primarily attributable to the overvaluation of the dollar in the 1980s, not the increase in EC subsidies to wheat farmers in 1985. We also find that what had been a fairly robust relationship between export shares, exchange rates, and loan rates broke down after 1985, probably due to a variety of changes in farm policy. In any case, export shares did not rebound in spite of the weaker dollar and the implementation of the EEP in the post-1985 period.

download in pdf format
   (454 K)

email paper

This paper is available as PDF (454 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w5359

Published:

Users who downloaded this paper also downloaded these:
Gardner The Political Economy of the Export Enhancement Program for Wheat
Richter, Taylor, and Yunez-Naude w11428 Impacts of Policy Reforms on Labor Migration From Rural Mexico to the United States
Blanchflower and Oswald w6102 The Rising Well-Being of the Young
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us