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International Trade x International Economics x Non-renewable Resources and Conservation x Industry Studies x clear all

The Commodity Terms of Trade, Unit Roots, and Nonlinear Alternatives: A Smooth Transition Approach

Joseph V. Balagtas and Matthew T. Holt.

in American Journal of Agricultural Economics

February 2009; p ublished online February 2009 .

Journal Article. Subjects: Manufacturing; International Trade; Non-renewable Resources and Conservation; Agricultural Economics. 9246 words.

This article extends the recent literature on the Prebisch-Singer hypothesis of a long-run decline in the relative prices of primary commodities. Our main innovation is testing for and...

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