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Temporary and Permanent Terms of Trade Shocks: A Literature Survey

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  • O Okiti

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  • O Okiti, 2003. "Temporary and Permanent Terms of Trade Shocks: A Literature Survey," Economics Discussion Paper Series 0334, Economics, The University of Manchester.
    • Handle: RePEc:man:sespap:0334
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    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Gavin, Michael, 1990. "Structural adjustment to a terms of trade disturbance : The role of relative prices," Journal of International Economics, Elsevier, vol. 28(3-4), pages 217-243, May.
    3. Engel, Charles & Kletzer, Kenneth, 1989. "Saving and Investment in an Open Economy with Non-traded Goods," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 735-752, November.
    4. Nancy Peregrim Marion & Lars E. O. Svensson, 1984. "Adjustment to Expected and Unexpected Oil Price Changes," Canadian Journal of Economics, Canadian Economics Association, vol. 17(1), pages 15-31, February.
    5. Jonathan D. Ostry & Carmen M. Reinhart, 1992. "Private Saving and Terms of Trade Shocks: Evidence from Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 39(3), pages 495-517, September.
    6. Michael Bruno & Jeffrey Sachs, 1982. "Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 49(5), pages 845-859.
    7. Gavin, Michael, 1991. "Income effects of adjustment to a terms of trade disturbance and the demand for adjustment finance," Journal of Development Economics, Elsevier, vol. 37(1-2), pages 127-153, November.
    8. Afolabi, Jacob A & Bladen-Hovell, Robin, 1990. "The Effects of a Fall in the Price of Oil in a Small-Scale Simulation Model of the Nigerian Economy," The Manchester School of Economic & Social Studies, University of Manchester, vol. 58(1), pages 1-19, March.
    9. Jonathan D. Ostry & Carmen M. Reinhart, 1992. "Private Saving and Terms of Trade Shocks: Evidence from Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 39(3), pages 495-517, September.
    10. Kiminori Matsuyama, 1988. "Terms-of-Trade, Factor Intensities and the Current Account in a Life-Cycle Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(2), pages 247-262.
    11. Bean, Charles R, 1986. "The Terms of Trade, Labour Supply and the Current Account," Economic Journal, Royal Economic Society, vol. 96(380a), pages 38-46, Supplemen.
    12. Jeffrey D. Sachs, 1981. "The Current Account and macroeconomic Adjustment in the 1970s," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(1), pages 201-282.
    13. Lars E. O. Svensson, 1984. "Oil Prices, Welfare, and the Trade Balance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(4), pages 649-672.
    14. Michael Bruno & Jeffrey Sachs, 1982. "Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"," NBER Working Papers 0852, National Bureau of Economic Research, Inc.
    15. Persson, Torsten & Svensson, Lars E O, 1985. "Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later," Journal of Political Economy, University of Chicago Press, vol. 93(1), pages 43-65, February.
    16. Sachs, Jeffrey, 1982. " The Current Account in the Macroeconomic Adjustment Process," Scandinavian Journal of Economics, Wiley Blackwell, vol. 84(2), pages 147-159.
    17. Svensson, Lars E O & Razin, Assaf, 1983. "The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 97-125, February.
    18. Nyatepe-Coo, Akorlie A., 1993. "External disturbances, domestic policy responses and debt accumulation in Nigeria," World Development, Elsevier, vol. 21(10), pages 1621-1631, October.
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