Returning to an external debate: the terms of trade for commodities in the twentieth century
Includes bibliography
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2014
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oai-11362-77972020-03-04T19:57:23Z Returning to an external debate: the terms of trade for commodities in the twentieth century Ocampo, José Antonio Parra, María Angela NU. CEPAL METODOLOGIA ESTADISTICA PRECIOS DE PRODUCTOS BASICOS COMMODITY PRICES STATISTICAL METHODOLOGY Includes bibliography Abstract This paper looks at the evolution of the terms of trade between commodities and manufactures in the twentieth century. A statistical analysis of the relative price series for 24 commodities and of eight indices reveals a significant deterioration in their barter terms of trade over the course of the twentieth century. This decline was neither continuous, nor was it distributed evenly among individual products, however. The data show that the far-reaching changes that the world economy underwent around 1920 and again around 1980 led to a stepwise deterioration which, over the long term, was reflected in a decline of nearly 1% per year in aggregate real prices for raw materials. 2014-01-02T16:52:01Z 2014-01-02T16:52:01Z 2003-02 Texto Documento Completo 9211213835 http://hdl.handle.net/11362/7797 LC/L.1813-P en Serie Informes y Estudios Especiales 5 application/pdf ECLAC |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
METODOLOGIA ESTADISTICA PRECIOS DE PRODUCTOS BASICOS COMMODITY PRICES STATISTICAL METHODOLOGY |
spellingShingle |
METODOLOGIA ESTADISTICA PRECIOS DE PRODUCTOS BASICOS COMMODITY PRICES STATISTICAL METHODOLOGY Ocampo, José Antonio Parra, María Angela Returning to an external debate: the terms of trade for commodities in the twentieth century |
description |
Includes bibliography |
author2 |
NU. CEPAL |
author_facet |
NU. CEPAL Ocampo, José Antonio Parra, María Angela |
format |
Texto |
author |
Ocampo, José Antonio Parra, María Angela |
author_sort |
Ocampo, José Antonio |
title |
Returning to an external debate: the terms of trade for commodities in the twentieth century |
title_short |
Returning to an external debate: the terms of trade for commodities in the twentieth century |
title_full |
Returning to an external debate: the terms of trade for commodities in the twentieth century |
title_fullStr |
Returning to an external debate: the terms of trade for commodities in the twentieth century |
title_full_unstemmed |
Returning to an external debate: the terms of trade for commodities in the twentieth century |
title_sort |
returning to an external debate: the terms of trade for commodities in the twentieth century |
publisher |
ECLAC |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/7797 |
work_keys_str_mv |
AT ocampojoseantonio returningtoanexternaldebatethetermsoftradeforcommoditiesinthetwentiethcentury AT parramariaangela returningtoanexternaldebatethetermsoftradeforcommoditiesinthetwentiethcentury |
_version_ |
1718436473146966016 |