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The long-run behavior of the relative price of primary commodities: Statistical evidence and policy implications

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  • Sapsford, David
  • Balasubramanyam, V. N.

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  • Sapsford, David & Balasubramanyam, V. N., 1994. "The long-run behavior of the relative price of primary commodities: Statistical evidence and policy implications," World Development, Elsevier, vol. 22(11), pages 1737-1745, November.
    • Handle: RePEc:eee:wdevel:v:22:y:1994:i:11:p:1737-1745
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    1. D. Sapsford & P. Sarkar & H. W. Singer, 1992. "The prebisch‐singer terms of trade controversy revisited," Journal of International Development, John Wiley & Sons, Ltd., vol. 4(3), pages 315-332, May.
    2. Sapsford, D, 1985. "The Statistical Debate on the Net Barter Terms of Trade between Primary Commodities and Manufactures: A Comment and Some Additional Evidence," Economic Journal, Royal Economic Society, vol. 95(379), pages 781-788, September.
    3. Grilli, Enzo R & Yang, Maw Cheng, 1988. "Primary Commodity Prices, Manufactured Goods Prices, and the Terms of Trade of Developing Countries: What the Long Run Shows," The World Bank Economic Review, World Bank, vol. 2(1), pages 1-47, January.
    4. Eduardo Borensztein & Carmen M. Reinhart, 1994. "The Macroeconomic Determinants of Commodity Prices," IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 236-261, June.
    5. Spraos, John, 1980. "The Statistical Debate on the Net Barter Terms of Trade between Primary Commodities and Manufactures," Economic Journal, Royal Economic Society, vol. 90(357), pages 107-128, March.
    6. Carmen M. Reinhart & Peter Wickham, 1994. "Commodity Prices: Cyclical Weakness or Secular Decline?," IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 175-213, June.
    7. Powell, Andrew, 1991. "Commodity and Developing Country Terms of Trade: What Does the Long Run Show?," Economic Journal, Royal Economic Society, vol. 101(409), pages 1485-1496, November.
    8. Winters,L. Alan & Sapsford,David (ed.), 1990. "Primary Commodity Prices," Cambridge Books, Cambridge University Press, number 9780521385503.
    9. Cuddington, John T & Urzua, Carlos M, 1989. "Trends and Cycles in the Net Barter Terms of Trade: A New Approach," Economic Journal, Royal Economic Society, vol. 99(396), pages 426-442, June.
    10. Sarkar, Prabirjit, 1986. "The Singer-Prebisch Hypothesis: A Statistical Evaluation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(4), pages 355-371, December.
    11. Perron, Pierre, 1990. "Testing for a Unit Root in a Time Series with a Changing Mean," Journal of Business & Economic Statistics, American Statistical Association, vol. 8(2), pages 153-162, April.
    12. Eduardo Borensztein & Carmen M. Reinhart, 1994. "The Macroeconomic Determinants of Commodity Prices," IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 236-261, June.
    13. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
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    Cited by:

    1. Matthias G. Lutz, 1999. "Commodity terms of trade and individual countries' net barter terms of trade: Is there an empirical relationship?," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 859-870.
    2. Prabirjit Sarkar, 2005. "Rising manufacture exports and terms of trade: the case study of Korea," Progress in Development Studies, , vol. 5(2), pages 83-88, April.
    3. John-ren Chen, 1999. "The sources of trend and fluctuations of commodity prices," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 871-892.
    4. Hadass, Yael S & Williamson, Jeffrey G, 2003. "Terms-of-Trade Shocks and Economic Performance, 1870-1940: Prebisch and Singer Revisited," Economic Development and Cultural Change, University of Chicago Press, vol. 51(3), pages 629-656, April.
    5. Thomas H.W. Ziesemer, 2014. "Country terms of trade: trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity," International Review of Applied Economics, Taylor & Francis Journals, vol. 28(6), pages 767-796, September.
    6. Sapsford, David & Singer, Hans, 1998. "The IMF, the world bank and commodity prices: A case of shifting sands?," World Development, Elsevier, vol. 26(9), pages 1653-1660, September.
    7. 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.
    8. David Sapsford & V. N. Balasubramanyam, 1999. "Trend and volatility in the net barter terms of trade, 1900-92: new results from the application of a (not so) new method," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 851-857.
    9. David Sapsford & John-ren Chen, 1999. "The Prebisch-Singer thesis: a thesis for the new millennium? Introduction," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 843-849.
    10. Ghoshray, Atanu, 2011. "A reexamination of trends in primary commodity prices," Journal of Development Economics, Elsevier, vol. 95(2), pages 242-251, July.
    11. 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.
    12. 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.
    13. Chen, John-Ren & Sapsford, David, 1997. "Economic development and policy: Professor Sir Hans Singer's contributions to development economics," World Development, Elsevier, vol. 25(11), pages 1853-1856, November.
    14. Radelet Steven & Sachs Jeffrey & Lee Jong-Wha, 2001. "The Determinants and Prospects of Economic Growth in Asia," International Economic Journal, Taylor & Francis Journals, vol. 15(3), pages 1-29.
    15. Luis Eduardo Arango & Fernando Arias & Luz Adriana Flórez, 2008. "Trends, Fluctuations, and Determinants of Commodity Prices," Borradores de Economia 4734, Banco de la Republica.
    16. Labrousse, Agnès, 2010. "Nouvelle économie du développement et essais cliniques randomisés : une mise en perspective d’un outil de preuve et de gouvernement," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 7.
    17. Bloch, Harry & Sapsford, David, 1997. "Some estimates of Prebisch and Singer effects on the terms of trade between primary producers and manufacturers," World Development, Elsevier, vol. 25(11), pages 1873-1884, November.

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