Trend and volatility in the net barter t
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David Sapsford; V. N. Balasubramanyam
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Article
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1999
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John Wiley and Sons
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English
โ 86 KB
๐ 2 views
This paper argues that the trend and volatility in the terms of trade need to be treated not as separate phenomena but rather as `twin-pillars' of the same underlying problem faced by LDCs; namely their heavy dependence on primary commodities (or more recently upon components and parts of manufactur