Trend in the international terms of trade between primary producers and manufacturers
Movements in the terms of trade between primary producers and manufacturers are analyzed using a model that introduces the influence of relative wage movements in the primary and manufacturing sectors as well as the influence of mark-up pricing in manufacturing. The model is estimated using data on the relative price of primary commodities and manufactured goods in international trade during the post-World War II (WWII) period. A decline in wages of primary-sector workers relative to those of workers in manufacturing and a rise in manufacturing margins are both estimated to have reduced the terms of trade for primary producers. However, expansion of manufacturing output is estimated to have a positive impact that has more than offset the negative influences during periods of moderate to strong growth.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 8 (1996)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bloch, H. & Sapsford, D., 1991.
"Post-War Movements in Prices of Primary Products and Manufactured Goods,"
1991-03, Tasmania - Department of Economics.
- Harry Bloch & David Sapsford, 1992. "Postwar Movements in Prices of Primary Products and Manufactured Goods," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 14(2), pages 249-266, January.
- R. J. Ball & E. B. A. St Cyr, 1966. "Short Term Employment Functions in British Manufacturing Industry," Review of Economic Studies, Oxford University Press, vol. 33(3), pages 179-207.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:8:y:1996:i:1:p:53-67. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.