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Green Convergence in Emerging Nations: The Determinants and the Possibilities. Find more terms and definitions using our Dictionary Search. Net Barter Terms of Trade Index appears in:. Handbook of Research on Global Indicators of Search inside this book for more research materials. Recommend to a Librarian Recommend to a Colleague.
Looking for research materials? Terms of trade depend on the prices of commodities entering into foreign trade. Thus, terms of trade express the relation between export prices and import prices and are said to be favourable to a country when the prices of its exports are high relatively to the prices of its imports.
When a country's prices of imports are high relatively to its export prices, the terms of trade are obviously unfavourable to that country. The ratio between the prices of exports and imports is called the net barter terms of trade or as Viner puts it, "the commodity terms of trade. When, however, we want to compare changes in terms of trade between two periods, the following ratio is applied:.
Here in the base year p m each of the two index numbers or prices of exports and imports. Now, if in the current year, the export price index is and the import price index is , then the terms of trade will be:. CEIC only displays a select group of indicators on our website. Subscribe to our newsletter and receive CEIC's insights; created by using macroeconomic data to analyze topics moving global markets.
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Export Value Index Import Value Index Real GDP Growth 3. Government Net Debt 8, Food and Non Alcoholic Beverage Change Consumer Price Index Growth 2. Medicinal and Pharmaceutical Product , Exports of Goods Growth 3.
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Net Barter Terms of Trade. The ratio between the prices of exports and imports is called the net barter terms of trade or as Viner puts it, "the commodity terms of trade." To express this symbolically: Where. T stands for net barter terms of trade, P stands for price index, x for exports, and. m for imports.
The commodity or net barter terms of trade is the ratio between the price of a country’s export goods and import goods. Symbolically, it can be expressed as: Tc = Px/Pm. Where Tc stands for the commodity terms of trade, P for .
If the net barter terms of trade are to be applied to more than one export and import commodities and the changes in terms of trade over a given period are to be computed, the index numbers of export and import prices rather than prices of individual commodities are taken into account. United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.
Net barter terms of trade DEFINITION: Net barter terms of trade are the ratio of the export price index to the corresponding import price index measured relative to the base year = What is Net Barter Terms of Trade Index? Definition of Net Barter Terms of Trade Index: Defined as the ratio of a country’s exports price index to its imports price index.