Global Growth, Macroeconomic Change, and U.S. Agricultural Trade
by Mark Gehlhar,
Erik Dohlman, Nora Brooks,
Alberto Jerardo, and Thomas Vollrath
Economic Research Report No. (ERR-46) 44 pp, September 2007
Cover image for err46
After a decade of uneven export growth and rapidly growing imports, U.S. agriculture has begun to reassert its position in global trade markets. Rising exports and signs of moderating import demand are in marked contrast to previous trends. This report places recent changes in perspective by highlighting the role of two specific factors that heavily guide U.S. agricultural trade patterns: global growth and shifts in foreign economic activity that affect U.S. exports, and macroeconomic factors underlying the growth of U.S. imports.
Keywords: agricultural trade, trade balance, income growth, economic development, population, macroeconomics, exchange rates, current account, growth projections
In this publication...
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Report summary, Pdf file 88 kb | HTML
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Abstract, Acknowledgments, Contents, and Summary, Pdf file 75 kb
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Introduction, Pdf file 68 kb
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Global Growth, Structural Shifts, and Implications for U.S. Agricultural Exports, Pdf file 168 kb
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Macroeconomic Influences on U.S. Agricultural Trade, Pdf file 225 kb
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Overview of Modeling Approaches, Pdf file 37 kb
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Model Results: Global Growth Effects on U.S. Trade, Pdf file 84 kb
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Model Results: The Impact of Macroeconomic Shocks on U.S. Trade, Pdf file 99 kb
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Conclusion, Pdf file 23 kb
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References, Pdf file 42 kb
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Appendix A: Putting the Trade Balance in Perspective, Pdf file 86 kb
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Appendix B: The GTAP and USAGE Models, Pdf file 70 kb
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Entire report, Pdf file 700 kb
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