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On the Deterioration of the Net Barter Terms of Trade for Primary Commodities

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Author Info

  • Alexandre Rands Barros

    ()
    (Universidade Federal de Pernambuco)

  • Analice Amazonas

    ()
    (Datamétrica Consultoria, Pesquisa e Telemarketing)

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    Abstract

    This paper is divided into two parts. The first part reviews the theoretical arguments that have surrounded the issue of the deterioration in the terms of trade since the 1950s. The second part reviews critically some of the most important methods used to test the hypothesis of deterioration in the terms of trade for primary commodities. New tests for the periods 1948-1989 and 1921-1986 are presented. The results support the hypothesis that there is a long-term deterioration in the terms of trade for primary commodities.

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    File URL: ftp://200.249.56.210/RePEc/dtm/wpaper/Deterioration46.pdf
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    File Function: Revised version, 1992.
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    Bibliographic Info

    Paper provided by Datamétrica Consultoria Econômica in its series Working Papers with number 46.

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    Length: 30 pages
    Date of creation: 1992
    Date of revision: 1992
    Publication status: Published in Revista Brasileira de Econometria, Unctad Review and New World Order Series: Export-Led Versus Balanced Growth in the 1990s.
    Handle: RePEc:dtm:wpaper:46

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    Related research

    Keywords: Terms of Trade; Primary Commodities; Long Term Trend;

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    Cited by:
    1. Gheorghe Săvoiu & Vasile Dinu & Laurenţiu Tăchiciu, 2012. "Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 173-194, February.
    2. José Antonio Ocampo & María Angela Parra, 2004. "The commodity terms of trade and their strategic implications for development," International Trade 0403001, EconWPA.

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