The Terms-of-Trade Effects from the Elimination of State Trading in Soviet-Hungarian Trade

Gabor Oblath and David Tarr

Chapter 13 in Trade Policies for Development and Transition, 2017, pp 295-313 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Given the demise of the CMEA as of January 1, 1991, it is estimated that the terms of trade will move adversely against Hungary by about 30% and impose an income loss on Hungary of about $1.7 billion. The estimates are based on an extensive series of interviews with firms involved in the trade. Compared with traditional methods, this is at least as reliable a method for adjusting for product quality. We assess the estimates and the methodology of others who have provided estimates and evaluate the consequences of a possibly unredeemable surplus in transferable rubles on the terms-of-trade estimates…

Keywords: International Trade Policy; Developing Countries; Transition Countries; Growth; Poverty; Environment; Multilateral; Adjustment Costs; Autos and Steel (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2017
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Related works:
Journal Article: The terms-of-trade effects from the elimination of state trading in Soviet-Hungarian trade (1992)
Working Paper: The terms-of-trade effects from the elimination of state trading in Soviet - Hungarian trade (1991)
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