Empirical evidence generally supports the validity of the Prebisch-Singer hypothesis on a negative trend in terms of trade for commodity-exporting countries in the long run, even though with different intensities for different commodities and periods (Harvey et al. 2010 ; Erten and Ocampo 2013 ; Baffes and Etienne 2016 ).
← all excerpts
Unprecedented but not Unpredictable: Effects of the COVID-19 Crisis on Commodity-Dependent Countries.
1
—
—