Some Reflections on the Terms of Trade
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چکیده
In my article I have taken up different expressions for the terms of trade in foreign trade, and especially I have been interested in a breakdown of total gain into two parts, namely the part due to the terms-of-trade effects and the part due to the price level effects. I have also taken up the intersectoral gain from terms of trade and the relation to the terms of trade in foreign trade. Besides the usual index for terms of trade-the ratio between output prices and input prices-I have also introduced another index for terms of trade corresponding to the relation between the output price index and an index consisting of a weighted average of input prices and prices for h a 1 demand. Finally I have tried to give some emperical &dings which should throw light on the development of the Danish terms of trade for the period 1949 to 1964.
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تاریخ انتشار 2004