THE TERMS OF TRADE IN THE PRESENCE OF RE-EXPORT TRADE: SOME FURTHER DEVELOPMENTS(*)

Abstract. In this paper we examine the measure of terms of trade changes, adjusted to take re-export trade into account, proposed by Lloyd and Sandilands (1985), and introduce two additional (but very basic) complications: a positive rate of growth and substitutability between imports and the domestic factor(s). We show that in such cases one can no longer establish a precise analogy with the traditional measure, and argue that the very notion of « a terms of trade change » becomes somewhat ambiguous. As an alternative view, we derive a measure of the impact of international price changes on what will be called « trade augmented » productivity; such a measure will be based on the movements of the wage-rate of profit frontier.     

Die Emotionskluft: Wie sich die Printmediennutzung und Gratifikationserwartungen in Einstellungsstrukturen niederschlagenThe emotion gap: How print media usage and expected gratifications influence attitude structures

Regarding formal, linguistic and content-related characteristics, tabloid newspapers have a relatively high potential to emotionally arouse readers, whereas broadsheets present news in a more factual style. In the present study it is argued that the usage of the different types of newspapers affects attitude structures. Specifically, it is assumed that the frequency of usage and expected gratifications during usage have an effect on the affective-cognitive attitude basis. Results of a survey (N = 505) support the hypotheses on the emotion gap: Heavy users of broadsheets base their attitudes on cognitions, regardless of their expected gratifications. For heavy users of tabloid newspapers, expected gratifications moderate the effect of usage on attitude bases: Information-oriented tabloid recipients hold cognition-based attitudes; entertainment-oriented tabloid recipients hold affect-based attitudes.