Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 362

Full Length Research Paper

Do exchange rates influence US poultry exports?

Asirvatham Jebaraj
  • Asirvatham Jebaraj
  • Agribusiness Economics, Southern Illinois University, Carbondale, United States.
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Mayowa Olaoye
  • Mayowa Olaoye
  • Agribusiness Economics, Southern Illinois University, Carbondale, United States.
  • Google Scholar


  •  Received: 12 March 2023
  •  Accepted: 27 April 2023
  •  Published: 31 May 2023

Abstract

The United States is the world’s largest poultry producer and exports about 18% of its total poultry production. With the global demand for poultry products projected to rise further, understanding key factors in world trade is essential for better trade.  We study the influence of key demand factors, that is, exchange rate, poultry price and income of importing country on US poultry products. We focused  on the top five importers namely, Mexico, Canada, China, Hong Kong, and Russia. A fixed effects model and a double-log multiple regression model are used.  All three demand factors in a country were significantly associated with the quantity of poultry. Exchange rate negatively influenced US exports to the five countries.  However, the magnitude, direction, and significance of these three variables varied for each country as shown in the country-level regression estimates.

 

Key words: Exchange rate, poultry trade, US poultry exports, poultry exports.