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On the Deterioration of the Net Barter Terms of Trade for Primary Commodities


  • Alexandre Rands Barros

    () (Universidade Federal de Pernambuco)

  • Analice Amazonas

    () (Datamétrica Consultoria, Pesquisa e Telemarketing)


This paper is divided into two parts. The first part reviews the theoretical arguments that have surrounded the issue of the deterioration in the terms of trade since the 1950s. The second part reviews critically some of the most important methods used to test the hypothesis of deterioration in the terms of trade for primary commodities. New tests for the periods 1948-1989 and 1921-1986 are presented. The results support the hypothesis that there is a long-term deterioration in the terms of trade for primary commodities.

Suggested Citation

  • Alexandre Rands Barros & Analice Amazonas, 1992. "On the Deterioration of the Net Barter Terms of Trade for Primary Commodities," Working Papers 46, Datamétrica Consultoria Econômica, revised 1992.
  • Handle: RePEc:dtm:wpaper:46

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    Cited by:

    1. 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.

    More about this item


    Terms of Trade; Primary Commodities; Long Term Trend;

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F19 - International Economics - - Trade - - - Other


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