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GTAP Resource #2452

"Global Macroeconomic Shocks and U.S. Agriculture: An Interactive Matrix Approach"
by Edmondson, William, Agapi Somwaru and Mathew Shane

G. Edward Schuh (1974) in his classic award winning paper first asserted that moving to a flexible exchange rate system implied that changes outside of agriculture were more important to what happens to the agricultural sector than changes in agricultural policy and other factors directly affecting agriculture. Since then the accelerated movement towards globalization and the increasing interconnectiveness of economies has resulted in macroeconomic shocks in one part of the world reverberating throughout the global economy. The change in the global environment has brought changes to U.S. and global agriculture which could be only imagined before. The purpose of this paper is to develop a better understanding of the impact of global economic changes on U.S. and world agriculture.

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Not published
Date: 2007
Created: Gehlhar, M. (5/1/2007)
Updated: Batta, G. (5/16/2007)
Visits: 1,265
No keywords have been specified.

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