Title: 3 Long‐Run Trend in the Relative Price: Empirical Estimation for Individual Commodities
Abstract: Abstract This chapter details an empirical investigation to quantify the trend decline in relative prices of a number of individual commodities, and the impact of declining commodity prices on the balance of payments of LDCs, SVS, and HIPCs. The empirical evidence presented points to the presence of a statistically significant declining trend in the relative price of most individual commodities, the results highlighting the magnitude of the deterioration of the relative commodity prices during the recent past.
Publication Year: 2007
Publication Date: 2007-10-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 20
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