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Commodity Stabilization Schemes 1 North-South Interaction 1
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Kanbur, Ravi 1 Vines, David 1
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C.E.P.R. Discussion Papers 1
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North-South Interaction and Commod Control
Kanbur, Ravi; Vines, David - C.E.P.R. Discussion Papers - 1984
A simple model of North-South interaction is presented with a Keynesian North producing industrial goods and a Classical South producing corn. If the terms of trade clear the corn market then commodity price stabilisation can only slightly increase the average value of Northern real consumption....
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