Whither the terms of trade? an elaboration of the Prebisch-Singer hypothesis
Movements in the prices of primary products and manufactured goods are analysed using a model that introduces differences in wage and price determination between primary production and manufacturing. Wages and prices in primary production are treated as competitively determined, while prices and wag...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Oxford University Press
2000
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| Online Access: | http://hdl.handle.net/20.500.11937/47361 |