From trends in commodities and manufactures to country terms of trade

Ziesemer, Thomas (2010). From trends in commodities and manufactures to country terms of trade. UNU-MERIT.

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  • Author Ziesemer, Thomas
    Title From trends in commodities and manufactures to country terms of trade
    Publication Date 2010
    Publisher UNU-MERIT
    Abstract The debate about the Prebisch-Singer thesis has focussed on primary commodities with some extensions to manufactures. As we think that the link between the terms of trade and longrun development, growth and convergence is the ability of exports to enhance investment through importing capital goods we analyse trends in country terms-of-trade. We use two data sets. We find that for the poor countries the terms of trade of goods and services are falling at a rate that is less negative than for net-barter terms of trade and those found earlier for primary commodities.
    Keyword Prebisch-singer thesis
    Country terms-of-trade
    Long-run development
    JEL B23
    F43
    O19
    Copyright Holder UNU-MERIT
    Copyright Year 2010
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 16:47:43 JST