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Analysis of the Terms-of-Trade of Austria

Author

Listed:
  • Stefan Schiman

    (WIFO)

  • Andreas Reinstaller

    (WIFO)

Abstract

Terms-of-trade refer to the amount of goods a country can import per unit of goods exported, i.e., the relation of export to import prices. As different factors have worked in opposite directions, Austria's terms-of-trade evolved relatively stable in the long run. Therefore, not only their development over time and in different sectors is the subject of this study, but also the determinants and their effects on the evolution of the terms-of-trade. We discuss monetary (crude oil price, exchange rate) and non-monetary determinants (product mix, product variety and quality, capital accumulation).

Suggested Citation

  • Stefan Schiman & Andreas Reinstaller, 2015. "Analysis of the Terms-of-Trade of Austria," WIFO Studies, WIFO, number 60648, February.
  • Handle: RePEc:wfo:wstudy:60648
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    File URL: https://www.wifo.ac.at/wwa/pubid/60648
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    Keywords

    Terms of Trade; Exchange rates; Exports;

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