Blattman, Christopher; Hwang, Jason; Williamson, Jeffrey G. - 2021
those persistent fundamentals? The terms of trade seems to be one good place to look. Using a panel data base for 35 … countries, this paper estimates the impact of terms of trade volatility and secular change between 1870 and 1938. We find that …, findings that speak directly to the terms of trade debates that have raged since Prebisch and Singer wrote more than 50 years …