IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-26769-9_5.html
   My bibliography  Save this book chapter

The Prebisch-Singer Hypothesis Revisited

In: Development Economics and Policy

Author

Listed:
  • Alfred Maizels
  • Theodosios B. Palaskas
  • Trevor Crowe

Abstract

Since the seminal contributions of Raúl Prebisch (1950) and Hans Singer (1950) on the tendency of the terms of trade of developing countries with developed countries to deteriorate over the long term, the ensuing debate on this issue has focused, until quite recently, on the evidence provided by the relative movements in the price of non-oil commodities and the unit value of manufactures exported by the developed countries. This was understandable and, indeed, entirely relevant since the greater part of the merchandise trade between these two groups of countries before the oil price increases of the 1970s had consisted of a ‘vertical’ exchange of non-oil primary commodities from developing countries for manufactured goods from developed countries.

Suggested Citation

  • Alfred Maizels & Theodosios B. Palaskas & Trevor Crowe, 1998. "The Prebisch-Singer Hypothesis Revisited," Palgrave Macmillan Books, in: David Sapsford & John-ren Chen (ed.), Development Economics and Policy, chapter 5, pages 63-85, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26769-9_5
    DOI: 10.1007/978-1-349-26769-9_5
    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.

    Citations

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


    Cited by:

    1. Shouvik Chakraborty, 2012. "Is Export Expansion of Manufactured Goods an Escape Route from Terms of Trade Deterioration of Developing Countries?," Journal of South Asian Development, , vol. 7(2), pages 81-108, October.
    2. Ghoshray, Atanu & Kejriwal, Mohitosh & Wohar, Mark E., 2011. "Breaking Trends and the Prebisch-Singer Hypothesis: A Further Investigation," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 120387, European Association of Agricultural Economists.
    3. Mahdi Ghodsi & Robert Stehrer, 2020. "Avoiding and escaping the 'commodity trap' in development," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 23(2), pages 187-211.
    4. Surajit Deb, 2003. "Terms of Trade and Supply Response of Indian Agriculture: Analysis in Cointegration Framework," Working papers 115, Centre for Development Economics, Delhi School of Economics.
    5. Salvador Peniche Camps & Charles A. S. Hall & Kent Klitgaard, 2020. "Biophysical Economics for Policy and Teaching: Mexico as an Example," Sustainability, MDPI, vol. 12(7), pages 1-20, March.
    6. Jörg Mayer, 2002. "The Fallacy of Composition: A Review of the Literature," The World Economy, Wiley Blackwell, vol. 25(6), pages 875-894, June.
    7. Mai, Yin Hua & Adams, Philip & Dixon, Peter & Menon, Jayant, 2010. "The Awakening Chinese Economy: Macro and Terms of Trade Impacts on 10 Major Asia-Pacific Countries," Working Papers on Regional Economic Integration 66, Asian Development Bank.
    8. Jerzy Dudzinski & Renata Knap, 2021. "New Phenomena in the Price Movement of Manufactured Goods in Contemporary International Trade," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 1047-1056.
    9. José Antonio Ocampo & María Angela Parra, 2004. "The commodity terms of trade and their strategic implications for development," International Trade 0403001, University Library of Munich, Germany.

    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:978-1-349-26769-9_5. 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.