Measurement of international price conditions

Jerry Mushin ()

Global Business and Economics Review, 2007, vol. 9, issue 1, 92-100

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.

Keywords: terms of trade; export prices; import prices; international trade; price conditions. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:9:y:2007:i:1:p:92-100

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