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On the Deterioration of the Terms of Trade for Primary Commodities

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  • Barros, Alexandre Rands

Abstract

This paper critically reviews some of the most important methods used to test the hypothesis of deterioration of the terms of trade for primary commodities. New tests using both time and frequency domain analysis for the periods 1948-1989 and 1921-1986 are presented. The results obtained support the hypothesis that there is a long-run deterioration of the terms of trade for primary commodities.

Suggested Citation

  • Barros, Alexandre Rands, 1992. "On the Deterioration of the Terms of Trade for Primary Commodities," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 12(1), April.
  • Handle: RePEc:sbe:breart:v:12:y:1992:i:1:a:2996
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    Cited by:

    1. Ziesemer, Thomas, 1996. "Dissent on convergence : the role of public factors, international trade and path dependence," Research Memorandum 004, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    2. Prabirjit Sarkar, 2001. "The North-South terms of trade debate: a re-examination," Progress in Development Studies, , vol. 1(4), pages 309-327, October.
    3. Thomas, Ziesemer, 1998. "A History of Economic Theorizing on the Prebisch-Singer Thesis," MPRA Paper 60502, University Library of Munich, Germany.
    4. Sérgio Kannebley Júnior & Amaury Patrick Gremaud & Ricardo de Almeida Rennó, 2001. "A Tendência Secular dos Termos de Troca Brasileiros Revisitida - 1850 a 2000," Anais do XXIX Encontro Nacional de Economia [Proceedings of the 29th Brazilian Economics Meeting] 018, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. 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.
    6. 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.
    7. Shouvik Chakraborty & Prabirjit Sarkar, 2020. "From The Classical Economists To Empiricists: A Review Of The Terms Of Trade Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1111-1133, December.

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