G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w9940
来源IDWorking Paper 9940
The Terms of Trade and Economic Growth in the Periphery 1870-1938
Christopher Blattman; Jason Hwang; Jeffrey G. Williamson
发表日期2003-09-01
出版年2003
语种英语
摘要The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around those persistent fundamentals? The terms of trade seems to be one good place to look. Using a panel data base for 35 countries, this paper estimates the impact of terms of trade volatility and secular change between 1870 and 1938. We find that volatility was much more important than secular change. Additionally, both effects were asymmetric between core and periphery, findings that speak directly to the terms of trade debates that have raged since Prebisch and Singer wrote more than 50 years ago.
主题International Economics ; Trade ; History ; Macroeconomic History
URLhttps://www.nber.org/papers/w9940
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/567565
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GB/T 7714
Christopher Blattman,Jason Hwang,Jeffrey G. Williamson. The Terms of Trade and Economic Growth in the Periphery 1870-1938. 2003.
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