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Trends in Developing Countries’ Commodity Terms-of-Trade since 1970

Author

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  • Rati Ram

    (Economics Department, Illinois State University, Normal, IL 61790-4200, USA)

Abstract

Trends in commodity terms-of-trade since 1970 are estimated for a sizable sample of countries. The predominant pattern for developing countries is that of negative trends, but there is some improvement since 1980, and an increase in the share of manufactures in exports appears helpful. The estimates seem generally supportive of the spirit of Prebisch-Singer hypothesis. Establishment of an international organization to generate and disseminate technology for developing countries might mitigate their disadvantage in international exchange.

Suggested Citation

  • Rati Ram, 2004. "Trends in Developing Countries’ Commodity Terms-of-Trade since 1970," Review of Radical Political Economics, Union for Radical Political Economics, vol. 36(2), pages 241-253, June.
  • Handle: RePEc:sae:reorpe:v:36:y:2004:i:2:p:241-253
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    Cited by:

    1. Thomas H.W. Ziesemer, 2014. "Country terms of trade: trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity," International Review of Applied Economics, Taylor & Francis Journals, vol. 28(6), pages 767-796, September.
    2. 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.

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