Assessing the dynamics of terms of trade in a model of cumulative causation and structural change
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100150 |
Resumo: | ABSTRACT The motivation for this paper stems from the steady decline in the share of consumer expenditures on goods produced in the global south, coupled with the (empirically ambiguous) Singer/Prebisch hypothesis that this can be explained by a secular decline in the southern terms of trade. Drawing on these sources of inspiration, the paper sets out to study the dynamics of the terms of trade using a multi-sector growth model based on the principle of cumulative causation. The upshot is a North-South model of growth and trade in which the evolution of the terms of trade depends on differential rates of productivity growth in different sectors of the economy - and in which terms of trade dynamics may not be the best guide as to whether or not there is an uneven development problem. |
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Assessing the dynamics of terms of trade in a model of cumulative causation and structural changestructural economic dynamicsterms of tradeABSTRACT The motivation for this paper stems from the steady decline in the share of consumer expenditures on goods produced in the global south, coupled with the (empirically ambiguous) Singer/Prebisch hypothesis that this can be explained by a secular decline in the southern terms of trade. Drawing on these sources of inspiration, the paper sets out to study the dynamics of the terms of trade using a multi-sector growth model based on the principle of cumulative causation. The upshot is a North-South model of growth and trade in which the evolution of the terms of trade depends on differential rates of productivity growth in different sectors of the economy - and in which terms of trade dynamics may not be the best guide as to whether or not there is an uneven development problem.Centro de Economia Política2016-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100150Brazilian Journal of Political Economy v.36 n.1 2016reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572016v36n01a09info:eu-repo/semantics/openAccessARAUJO,RICARDO AZEVEDOeng2016-02-16T00:00:00Zoai:scielo:S0101-31572016000100150Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2016-02-16T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
title |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
spellingShingle |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change ARAUJO,RICARDO AZEVEDO structural economic dynamics terms of trade |
title_short |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
title_full |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
title_fullStr |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
title_full_unstemmed |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
title_sort |
Assessing the dynamics of terms of trade in a model of cumulative causation and structural change |
author |
ARAUJO,RICARDO AZEVEDO |
author_facet |
ARAUJO,RICARDO AZEVEDO |
author_role |
author |
dc.contributor.author.fl_str_mv |
ARAUJO,RICARDO AZEVEDO |
dc.subject.por.fl_str_mv |
structural economic dynamics terms of trade |
topic |
structural economic dynamics terms of trade |
description |
ABSTRACT The motivation for this paper stems from the steady decline in the share of consumer expenditures on goods produced in the global south, coupled with the (empirically ambiguous) Singer/Prebisch hypothesis that this can be explained by a secular decline in the southern terms of trade. Drawing on these sources of inspiration, the paper sets out to study the dynamics of the terms of trade using a multi-sector growth model based on the principle of cumulative causation. The upshot is a North-South model of growth and trade in which the evolution of the terms of trade depends on differential rates of productivity growth in different sectors of the economy - and in which terms of trade dynamics may not be the best guide as to whether or not there is an uneven development problem. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100150 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100150 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572016v36n01a09 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.36 n.1 2016 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122481765974016 |