The Asian financial crisis and global adjustments: Implications for us agriculture

被引:3
|
作者
McKibbin, WJ
Wang, Z
Coyle, W
机构
[1] Australian Natl Univ, Canberra, ACT 2601, Australia
[2] Brookings Inst, Washington, DC 20036 USA
[3] USDA, Washington, DC 20250 USA
关键词
D58; F17; F30;
D O I
10.1111/1468-5876.00207
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates the impact of the recent Asian financial crisis on global economic adjustment and its implication for US agriculture using a multi-country, multi-sector dynamic intertemporal general equilibrium model with endogenously modelled financial markets. The simulation results show that the crisis in Asia reduces not only US exports but also interest rates and the cost of intermediate inputs of production, stimulating US domestic economic activity in interest-sensitive sectors, and driving up demand for agriculture products. However, this stimulus of domestic demand may or may not offset the negative impact of declining exports.
引用
收藏
页码:471 / 490
页数:20
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