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Measurement of international price conditions

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  • Jerry Mushin

Abstract

The expansion and diversification of international trade has meant, for many countries, that changes in the relationship between domestic and foreign prices have greatly increased importance. This article identifies the weaknesses of the terms of trade, the usual measure of price conditions in an economy's international sector, and proposes a new approach.

Suggested Citation

  • Jerry Mushin, 2007. "Measurement of international price conditions," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 9(1), pages 92-100.
    • Handle: RePEc:ids:gbusec:v:9:y:2007:i:1:p:92-100
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