publication . Doctoral thesis . 1994

Terms of trade effects on PPP and incomes of primary-commodity exporting countries

Koya, Sharmistha N.;
Open Access
  • Published: 15 Apr 1994
  • Publisher: Virginia Tech
  • Country: United States
Abstract
This dissertation investigates the commodity currency argument of primary and secondary effects of the terms of trade on exchange rates and real income, respectively. The Johansen procedure of cointegration testing is applied to dynamic models for a set of four developed countries (New Zealand, Australia, Norway and Iceland) and five less developed countries (Colombia, India, Malaysia, Thailand and Venezuela) each against it's major trading partner and the United States. The stationarity of the real exchange rates as well as cointegration between the nominal exchange rates and the ratio of national price-levels (price-ratio) are analyzed for two sets of data (an...
Subjects
free text keywords: Developing countries, LD5655.V856 1994.K693
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Doctoral thesis . 1994
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