Baek, Jungho; Koo, Won W. - In: Journal of Agricultural and Applied Economics 42 (2010) 03
The effects of the exchange rate, the U.S. agricultural price, the domestic income, and the interest rate on the U ….S. net farm income are investigated in a cointegration framework. For this purpose, the Phillips-Hansen fully …-run equilibrium relationship between the U.S. net farm income and the selected macroeconomic variables. We also find that the exchange …