On the Deterioration of the Net Barter Terms of Trade for Primary Commodities

Alexandre Rands Barros () and Analice Amazonas ()
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Alexandre Rands Barros: Universidade Federal de Pernambuco
Analice Amazonas: Datamétrica Consultoria, Pesquisa e Telemarketing

No 46, Working Papers from Datamétrica Consultoria Econômica

Abstract: This paper is divided into two parts. The first part reviews the theoretical arguments that have surrounded the issue of the deterioration in the terms of trade since the 1950s. The second part reviews critically some of the most important methods used to test the hypothesis of deterioration in the terms of trade for primary commodities. New tests for the periods 1948-1989 and 1921-1986 are presented. The results support the hypothesis that there is a long-term deterioration in the terms of trade for primary commodities.

Keywords: Terms of Trade; Primary Commodities; Long Term Trend (search for similar items in EconPapers)
JEL-codes: F14 F15 F19 O19 (search for similar items in EconPapers)
Pages: 30 pages
Date: 1992, Revised 1992
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Citations: View citations in EconPapers (1)

Published in Revista Brasileira de Econometria, Unctad Review and New World Order Series: Export-Led Versus Balanced Growth in the 1990s.

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ftp://repec.datametrica.com.br/RePEc/dtm/wpaper/Deterioration46.pdf Revised version, 1992. (application/pdf)
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