Primary Commodity Prices and the Terms of Trade* |
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| Authors: | DAVID SAPSFORD |
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| Affiliation: | School of Economic and Social Studies, University of East Anglia, England;Department of Economics, University of Tasmania, Hobart 7001 |
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| Abstract: | This paper provides a survey of a range of issues involved in the analysis of primary commodity prices and the terms of trade. Particular emphasis is placed upon the long-run behaviour of the terms of trade between primary commodities and manufactures and the paper presents some new evidence regarding the long-run behaviour of Australia's terms of trade. |
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