IDEAS home Printed from https://ideas.repec.org/a/eee/deveco/v23y1986i2p371-387.html
   My bibliography  Save this article

North-South interaction and commod control

Author

Listed:
  • Kanbur, S. M. Ravi
  • Vines, David

Abstract

A simple model of North-South interaction is presented with a Keynesian North producing industrial goods and a Classical South producing corn. If the terms of trade clear the corn market then commodity price stabilisation can only slightly increase the average value of Northern real consumption. But if there is real wage resistance in the North then output deflation in the North is necessary to avoid inflationary pressure whenever the terms of trade tend to turn against the North; commodity price stabilisation could, in such circumstances, greatly improve Northern welfare. The paper also examines whether fiscal policy in the North, instead of commodity price stabilisation, could provide equally large improvements in Northern welfare.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Kanbur, S. M. Ravi & Vines, David, 1986. "North-South interaction and commod control," Journal of Development Economics, Elsevier, vol. 23(2), pages 371-387, October.
    • Handle: RePEc:eee:deveco:v:23:y:1986:i:2:p:371-387
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0304-3878(86)90124-0
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Mash, 1996. "Supply flexibility and insurance under commodity market instability," Economics Series Working Papers WPS/1996-10, University of Oxford, Department of Economics.
    2. S. Murshed, 1992. "Comparing quotas with VERs: A three-region, North-South-NICs macroeconomic analysis," Open Economies Review, Springer, vol. 3(3), pages 255-270, October.
    3. Chris Allen & David Vines, 1993. "Should Clinton Cut the Deficit or is there a Global Paradox of Thrift?," The World Economy, Wiley Blackwell, vol. 16(2), pages 133-158, March.
    4. Srinivasan, T.N., 1986. "International Trade and Factor Movements in Development Theory, Policy, and Experience," 1986: Trade and Development Meeting, December 1986, CIMMYT, Mexico City, Mexico 50651, International Agricultural Trade Research Consortium.
    5. Hoffmaister, Alexander W. & Pradhan, Mahmood & Samiei, Hossein, 1998. "Have North-South growth linkages changed?," World Development, Elsevier, vol. 26(5), pages 791-808, May.
    6. Braverman, Avishay & Kanbur, Ravi & Brandao, Antonio Salazar P. & Hammer, Jeffrey & Lopes, Mauro de Rezende & Tan, Alexandra, 1990. "Costs and benefits of agricultural price stabilization in Brazil," Policy Research Working Paper Series 564, The World Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:deveco:v:23:y:1986:i:2:p:371-387. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/devec .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.