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Primary Commodity Prices and the Terms of Trade

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  • DAVID SAPSFORD

Abstract

This paper provides a survey of a range of issues involved in the analysis of primary commodity prices and the terms of trade. Particular emphasis is placed upon the long‐run behaviour of the terms of trade between primary commodities and manufactures and the paper presents some new evidence regarding the long‐run behaviour of Australia's terms of trade.

Suggested Citation

  • David Sapsford, 1990. "Primary Commodity Prices and the Terms of Trade," The Economic Record, The Economic Society of Australia, vol. 66(4), pages 342-356, December.
    • Handle: RePEc:bla:ecorec:v:66:y:1990:i:4:p:342-356
    DOI: 10.1111/j.1475-4932.1990.tb01739.x
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    References listed on IDEAS

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    3. Mahdi Ghodsi & Robert Stehrer, 2020. "Avoiding and escaping the 'commodity trap' in development," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 23(2), pages 187-211.
    4. Michael A. Kouparitsas, 1997. "North-South terms of trade: an empirical investigation," Working Paper Series, Macroeconomic Issues WP-97-05, Federal Reserve Bank of Chicago.
    5. David Sapsford & John-ren Chen, 1999. "The Prebisch-Singer thesis: a thesis for the new millennium? Introduction," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 843-849.

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