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dc.contributor.authorDhanya, V.
dc.date.accessioned2013-10-16T13:03:59Z
dc.date.available2013-10-16T13:03:59Z
dc.date.issued2008
dc.identifier.citationDhanya, V. (2008) Liberalisation of tropical commodity market and adding-up problem : a Bound Test approach. CDS working papers, no.399. Trivandrum: CDS.en_GB
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/3104
dc.description.abstractThe paper examines the effect of commodity market liberalisation on developing countries by taking the case of tropical products. This issue assumes importance in the context of developing countries characterised as they are by heavy dependence on commodity exports. Theoretically, commodity market liberalisation could adversely affect the terms of trade of exporting countries, as the price and income elasticity of demand for the commodities are relatively low. The problem arises as the welfare effects of unilateral liberalisation by an individual country having a small market share differ from the multilateral liberalisation by a group of producing countries who collectively constitute a major share of the market. This collective liberalisation in most of the cases can result in a decline in prices. In this paper we examine this phenomenonthe adding up problem- using Bound Test Procedure which is an advanced approach for testing the existence of long run relationship. The major finding of the study is that along with product specificities, export structure of the countries concerned is also an important factor in determining the adding up problem. Key words: Tropical commodities, market liberalisation, Adding up Problem JEL Classification: F13en_GB
dc.language.isoenen_GB
dc.publisherCentre for Development Studiesen_GB
dc.relation.ispartofseriesCDS working papers;399
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/en_GB
dc.subjectAgricultureen_GB
dc.subjectEconomic Developmenten_GB
dc.subjectTradeen_GB
dc.titleLiberalisation of tropical commodity market and adding-up problem : a Bound Test approachen_GB
dc.typeSeries paper (non-IDS)en_GB
dc.rights.holderCentre for Development Studiesen_GB
dc.identifier.externalurihttp://www.cds.edu/outreach/publications/working-papersen_GB


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