This article examines the effects of domestic currency depreciation on agricultural exports from Pakistan including the responses of price and quantity margins. It uses highly disaggregated firm‐level data that contains the exchange rates of the actual currencies of invoicing at the transaction level. The study finds that the currency depreciation positively affects both intensive and extensive margins. The intensive margin increase in agricultural exports operates mainly through prices, whereas the response of quantities is relatively smaller. Moreover, depreciation improves the extensive margins of firms and products and expands the client base in existing markets. These responses vary widely across firms' exporting experience, trade orientation, sectoral and spatial distribution, exchange rate regimes, and invoicing currencies.

中文翻译：

---

汇率对农产品出口的影响：来自巴基斯坦的交易水平证据

本文研究了本国货币贬值对巴基斯坦农产品出口的影响，包括价格和数量差额的反应。它使用高度分解的公司级数据，其中包含交易级实际开票货币的汇率。研究发现，货币贬值对集约型和粗放型利润率都有积极影响。农产品出口的集约利润增长主要通过价格来运作，而数量的反应相对较小。此外，折旧提高了公司和产品的广泛利润率，扩大了现有市场的客户群。这些反应因公司的出口经验、贸易方向、部门和空间分布、汇率制度和计价货币而异。