Title: Measurement of international price conditions
Authors: Jerry Mushin
Addresses: School of Economics and Finance, Victoria University of Wellington, P.O. Box 600, Wellington, New Zealand
Abstract: The expansion and diversification of international trade has meant, for many countries, that changes in the relationship between domestic and foreign prices have greatly increased importance. This article identifies the weaknesses of the terms of trade, the usual measure of price conditions in an economy|s international sector, and proposes a new approach.
Keywords: terms of trade; export prices; import prices; international trade; price conditions.
Global Business and Economics Review, 2007 Vol.9 No.1, pp.92 - 100
Published online: 19 Feb 2007 *
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