Wheat inputs and the law of one price
This article tests the law of one price for wheat inputs tradeable between Canada and the United States. If Canadian and US input prices fail to equilibrate with exchange rate changes, the country which experiences a decrease in relative costs will have a competitive advantage. The results show that Canadian input prices did not increase as rapidly as US prices between 1977-86 and this suggests that, ceteris paribus, Canadian wheat producers were made relatively better off.
Year of publication: |
1989
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Authors: | Carter, Colin A. ; Hamilton, Neil A. |
Published in: |
Agribusiness. - John Wiley & Sons, Ltd., ISSN 0742-4477. - Vol. 5.1989, 5, p. 489-496
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Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
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