IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-16903-0_4.html
   My bibliography  Save this book chapter

Trends in the Terms of Trade, Export Earnings and Import Payments of LDCs

In: The International Monetary System and the Less Developed Countries

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

In some respects rather more important than the degree of instability about a particular trend in export prices and earnings is the nature of the trend itself. It may even be that the nature of the instability problem as such depends on the trend. Thus, where the trend in export earnings is upwards, instability may be less of a problem than where the export trend is downwards. Long-term and short-term relative price movements may be related in other, rather more direct ways. The long-run demand for a primary product may, for instance, be adversely affected by short-run price instability, especially where consumers have the option of substituting a synthetic commodity which is more stable in price. Again, long-run supply may be adversely affected by the vagaries of price and the implied difficulties of forecasting returns.

Suggested Citation

  • Graham Bird, 1982. "Trends in the Terms of Trade, Export Earnings and Import Payments of LDCs," Palgrave Macmillan Books, in: The International Monetary System and the Less Developed Countries, edition 0, chapter 4, pages 63-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16903-0_4
    DOI: 10.1007/978-1-349-16903-0_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    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:palchp:978-1-349-16903-0_4. 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.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.