IDEAS home Printed from https://ideas.repec.org/a/pal/imfstp/v35y1988i2p371-381.html
   My bibliography  Save this article

The 1984-86 Commodity Recession: Analysis of Underlying Causes

Author

Listed:
  • Thomas K. Morrison

    (International Monetary Fund)

  • Michael Wattleworth

    (International Monetary Fund)

Abstract

The large and widespread decline in non-oil primary commodity prices during 1984-86 is shown to be fundamentally different from the declines in the four previous cycles since 1970, which had been caused largely by weak demand. Rising supplies of food and the lagged effects of increased production capacity of industrial raw materials were major factors depressing primary commodity markets in the 1980s, particularly in 1984-86. The econometric results also suggest that economic growth in the industrial countries must, on average, be over 3 percent a year to contribute positively to commodity prices by offsetting negative longer-term structural changes.

Suggested Citation

  • Thomas K. Morrison & Michael Wattleworth, 1988. "The 1984-86 Commodity Recession: Analysis of Underlying Causes," IMF Staff Papers, Palgrave Macmillan, vol. 35(2), pages 371-381, June.
    • Handle: RePEc:pal:imfstp:v:35:y:1988:i:2:p:371-381
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/3867085?origin=pubexport
    File Function: main text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

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


    Cited by:

    1. Kausik Chaudhuri, 2001. "Long-run prices of primary commodities and oil prices," Applied Economics, Taylor & Francis Journals, vol. 33(4), pages 531-538.
    2. Walter C. Labys & Alfred Maizels, 1990. "Commodity Price Fluctuations and Macro-economic Adjustments in the Developed Countries," WIDER Working Paper Series wp-1990-088, World Institute for Development Economic Research (UNU-WIDER).

    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:pal:imfstp:v:35:y:1988:i:2:p:371-381. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    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.