Bhattacharyya, Sambit; Williamson, Jeffrey G. - 2009
explores Australian terms of
trade volatility since 1901. It identifies two major price shock episodes before the
recent … -- terms of trade volatility in
particular -- has a negative impact on long run growth (Fatas and Mihov 2006; Blattman,
Hwang … and Williamson (2007) document that
between 1870 and 1940 the negative impact of terms of trade volatility on economic …