Commodity Terms Of Trade

Author : Bertrand Gruss,Suhaib Kebhaj
Publisher : International Monetary Fund
Page : 38 pages
File Size : 49,7 Mb
Release : 2019-01-24
Category : Business & Economics
ISBN : 9781484393857

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Commodity Terms of Trade by Bertrand Gruss,Suhaib Kebhaj Pdf

This paper presents a comprehensive database of country-specific commodity price indices for 182 economies covering the period 1962-2018. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import price indices. We provide indices that are constructed using, alternatively, fixed weights (based on average trade flows over several decades) and time-varying weights (which can account for time variation in the mix of commodities traded and the overall importance of commodities in economic activity). The paper also discusses the dynamics of commodity terms of trade across country groups and their influence on key macroeconomic aggregates.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 36 pages
File Size : 48,5 Mb
Release : 2009-09-01
Category : Business & Economics
ISBN : 9781451873528

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Commodity Terms of Trade by International Monetary Fund Pdf

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.

Author : Aqib Aslam,Samya Beidas-Strom,Mr.Rudolfs Bems,Oya Celasun,Sinem Kiliç Çelik,Zsoka Koczan
Publisher : International Monetary Fund
Page : 49 pages
File Size : 51,6 Mb
Release : 2016-02-15
Category : Business & Economics
ISBN : 9781498338158

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Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom by Aqib Aslam,Samya Beidas-Strom,Mr.Rudolfs Bems,Oya Celasun,Sinem Kiliç Çelik,Zsoka Koczan Pdf

Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these economies is whether commodity windfalls influence potential output. Our analysis suggests that both actual and potential output move together with commodity terms of trade, but that actual output comoves twice as strongly as potential output. The weak commodity price outlook is estimated to subtract 1 to 21⁄4 percentage points from actual output growth annually on average during 2015-17. The forecast drag on potential output is about one-third of that for actual output.

Author : Nikola Spatafora,Irina Tytell,International Monetary Fund. Research Department
Publisher : Unknown
Page : 35 pages
File Size : 55,7 Mb
Release : 2009
Category : Business cycles
ISBN : OCLC:470013108

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Commodity Terms of Trade :h[electronic Resource] by Nikola Spatafora,Irina Tytell,International Monetary Fund. Research Department Pdf

"We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents."--Abstract.

Author : Pasquale L. Scandizzo,Dimitris Diakosavvas
Publisher : Food & Agriculture Org.
Page : 248 pages
File Size : 50,9 Mb
Release : 1987
Category : Business & Economics
ISBN : 9251025312

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Instability in the Terms of Trade of Primary Commodities, 1900-1982 by Pasquale L. Scandizzo,Dimitris Diakosavvas Pdf

Author : Alan V. Deardorff
Publisher : World Scientific
Page : 616 pages
File Size : 50,8 Mb
Release : 2014
Category : Political Science
ISBN : 9789814518604

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Terms of Trade by Alan V. Deardorff Pdf

Have you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics, although advanced students will also find it useful for some of the more obscure terms that they have forgotten or never encountered. Besides an extensive glossary of terms that has been expanded about 50% from the first edition, there is a picture gallery of diagrams used to explain key concepts such as the Edgeworth Production Box and the Offer Curve Diagram in international economics. This section is followed by over 30 lists of terms that occur a lot in international economics, grouped by subject to help users find terms that they cannot recall. Prior to an enlarged bibliography is an expanded section on the origins of terms in international economics, which records what the author has been able to learn about the origins of some of the terms used in international economics. This is a must-have portable glossary in international trade and international economics!. Sample Chapter(s). Glossary of Terms in International Economics (1,370 KB). Contents: Glossary of Terms in International Economics: A-Z; 0OCo9; Picture Gallery: Edgeworth Production Box; Integrated World Economy Diagram; IS-LM-BP Diagram; Lerner Diagram; Offer Curve Diagram; Specific-Factors Model; Tariff in Partial Equilibrium; Trade and Transformation Curve Diagram; Lists of Terms in International Economics by Subject: Arguments for Protection; Central Banks; Countertrade; Country Groups; Crises; Development Banks; Effects; Empirical Findings; Exchange Regimes; Fragmentation: Terms and Types; GATT and WTO Ministerials; GATT Articles; Indexes; International Classification Systems; International Commodity Agreements and Organizations; Memberships; Models; Nontariff Barriers; Other Nontariff Measures; Paradoxes and Puzzles; Preferential Trading Arrangements; Product-Specific Agreements, Institutions, and Conflicts; Regional Commissions for Economic and Social Development; Spanish Acronyms in International Economics; Techniques of Analysis; Terms of Trade Definitions; Theoretical Propositions; Trade Disputes; Trade Ministries; Trade Rounds; UNCTAD Meetings; United Nations Organizations; United States Government Units (Dealing with International Economic Matters); Origins of Certain Key Terms in International Economics. Readership: Undergraduates and graduate students in international economics; government and industry personnel related to international economics and finance."

Author : José Antonio Ocampo,María Angela Parra,United Nations. Economic Commission for Latin America and the Caribbean
Publisher : UN/ECLAC/CEPAL
Page : 56 pages
File Size : 49,5 Mb
Release : 2003
Category : Political Science
ISBN : UCSD:31822035382050

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Returning to an Eternal Debate by José Antonio Ocampo,María Angela Parra,United Nations. Economic Commission for Latin America and the Caribbean Pdf

Author : Gabor Oblath,David G. Tarr
Publisher : World Bank Publications
Page : 35 pages
File Size : 50,6 Mb
Release : 1991
Category : Hungary
ISBN : 8210379456XXX

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the terms-of-trade effects from the elimination of state trading in soviet-hungarian trade by Gabor Oblath,David G. Tarr Pdf

A reduction of the Soviet "subsidy" to Eastern European countries would impose greater transition costs on them just as they are attempting to make the drastic adjustments they need to move to market economies. How much of a cost will the switchover of their CMEA trade relations impose?

Author : Takatoshi Ito,Andrew K. Rose
Publisher : University of Chicago Press
Page : 346 pages
File Size : 46,9 Mb
Release : 2011-03
Category : Business & Economics
ISBN : 9780226386898

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Commodity Prices and Markets by Takatoshi Ito,Andrew K. Rose Pdf

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.

Author : National Foreign Assessment Center (U.S.)
Publisher : Unknown
Page : 36 pages
File Size : 42,7 Mb
Release : 1979
Category : Developing countries
ISBN : UOM:39015055290988

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Non-OPEC LDC Terms of Trade, 1970-77 by National Foreign Assessment Center (U.S.) Pdf

Author : Martin Berka,Mario J. Crucini
Publisher : Unknown
Page : 36 pages
File Size : 40,6 Mb
Release : 2009
Category : Economics
ISBN : LCCN:2009655831

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The consumption terms of trade and commodity prices by Martin Berka,Mario J. Crucini Pdf

The national terms of trade, defined as the ratio of an export price index to an import price index has been extensively studied empirically. In this paper we construct an alternative measure, which we call the consumption terms of trade. This measure recognizes the fact that consumers and firms face different prices for the same items and consume different items. Using micro-data from the Economist Intelligence Unit at the retail level, we conduct a forensic analysis of the variation of the terms of trade of 38 countries. Using a novel variance decomposition method, we find that the bulk of terms of trade variation is accounted for by oil, automobiles and medicine. The other goods in our construct tend to exhibit balanced trade, providing a natural hedge against world price fluctuations. We find the consumption terms of trade at local prices is more volatile than at world prices, but the two are strongly positively correlated. The same commodities dominate the variance decomposition in both constructs, but variance shifts from oil to medicine, when local prices are used, presumably due to larger LOP deviations in the latter than the former. The significant differences in time paths of producer (conventional) and consumer terms of trade suggests the need to adapt the elasticities approach to trade balance adjustment to recognize different prices and baskets at the consumer and producer level.

Author : Mr.Rabah Arezki,Mr.Daniel Lederman,Mr.Hongyan Zhao
Publisher : International Monetary Fund
Page : 23 pages
File Size : 47,8 Mb
Release : 2011-12-01
Category : Business & Economics
ISBN : 9781463925963

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The Relative Volatility of Commodity Prices by Mr.Rabah Arezki,Mr.Daniel Lederman,Mr.Hongyan Zhao Pdf

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, even though most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. Rather the literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities may be less volatile than those of individual manufactured goods.

Author : United States. Central Intelligence Agency
Publisher : Unknown
Page : 32 pages
File Size : 40,8 Mb
Release : 1976
Category : Developing countries
ISBN : IND:30000139884658

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Non-OPEC LDCs by United States. Central Intelligence Agency Pdf

Author : Anonim
Publisher : Unknown
Page : 34 pages
File Size : 53,9 Mb
Release : 1979
Category : Terms of trade
ISBN : STANFORD:36105117859053

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Non-OPEC LDC Terms of Trade, 1970-77 by Anonim Pdf

Author : Graeme S. Dorrance,Berhanu Woldekidan
Publisher : Unknown
Page : 40 pages
File Size : 46,5 Mb
Release : 1989
Category : Developing countries
ISBN : UCSD:31822006414791

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Primary Commodity Prices and Terms of Trade of Developing Countries by Graeme S. Dorrance,Berhanu Woldekidan Pdf