Terms of trade of EU member countries in the context of changing primary commodity prices

  • In this paper, the terms of trade of EU member countries are presented and the reasons for their movements are discussed. The assumption is made that the diverging terms of trade development of industrialized countries is due to their differing specialization in specific export sectors and the corresponding price developments of these exported goods. The dynamics of primary commodity prices have an effect on the terms of trade of many European countries, therefore the long-term price developments of selected primary commodities are of interest. Illustrated in this context are the long-term price developments as well as the primary commodity terms of trade of the most important primary commodities, together with the underlying reasons for these trends.

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Author: Ewa Anna Witkowska
URL:http://www.icodecon.com/icodecon_2015/images/WORD_DOCS/BOOKOF_proceedings_with-cover.pdf
ISBN:978-618-82146-1-3
Title of the source (English):1st International Conference of Development and Economy (ICODECON), Kalamata/Greece, 2015
Place of publication:Kalamata, Griechenland
Document Type:Conference Proceeding
Language:English
Year of publication:2016
Contributing Corporation:Technological Educational Institute (TEI) of Peloponnese, Kalamata, Griechenland
Tag:International Trade; Primary Commodity Prices; Terms of Trade
First Page:58
Last Page:70
Faculty/Chair:Fakultät 5 Wirtschaft, Recht und Gesellschaft / FG ABWL, insbesondere Investition und Finanzierung
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