Decomposing Terms of Trade Fluctuations in Ethiopia

This article proposes a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, we decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. We use monthly data from th...

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Bibliographic Details
Main Authors:	Loening, Josef L., Higashi, Masato
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2013
Subjects:	Terms of trade food price crisis financial crisis Export diversification
Online Access:	http://hdl.handle.net/10986/13316

id	okr-10986-13316
recordtype	oai_dc
spelling	okr-10986-133162021-04-23T14:03:07Z Decomposing Terms of Trade Fluctuations in Ethiopia Loening, Josef L. Higashi, Masato Terms of trade food price crisis financial crisis Export diversification This article proposes a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, we decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. We use monthly data from the past decade, including periods during the global food and financial crises. Our findings suggest that diversification out of traditional coffee exports to other export commodities successfully mitigated the terms of trade shock. Continued export diversification will be beneficial. 2013-05-06T19:30:14Z 2013-05-06T19:30:14Z 2011-07-06 Journal Article Applied Economics Letters 1350-4851 http://hdl.handle.net/10986/13316 en_US Applied Economics Letters;18(31) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article Ethiopia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Terms of trade food price crisis financial crisis Export diversification
spellingShingle	Terms of trade food price crisis financial crisis Export diversification Loening, Josef L. Higashi, Masato Decomposing Terms of Trade Fluctuations in Ethiopia
geographic_facet	Ethiopia
relation	Applied Economics Letters;18(31)
description	This article proposes a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, we decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. We use monthly data from the past decade, including periods during the global food and financial crises. Our findings suggest that diversification out of traditional coffee exports to other export commodities successfully mitigated the terms of trade shock. Continued export diversification will be beneficial.
format	Journal Article
author	Loening, Josef L. Higashi, Masato
author_facet	Loening, Josef L. Higashi, Masato
author_sort	Loening, Josef L.
title	Decomposing Terms of Trade Fluctuations in Ethiopia
title_short	Decomposing Terms of Trade Fluctuations in Ethiopia
title_full	Decomposing Terms of Trade Fluctuations in Ethiopia
title_fullStr	Decomposing Terms of Trade Fluctuations in Ethiopia
title_full_unstemmed	Decomposing Terms of Trade Fluctuations in Ethiopia
title_sort	decomposing terms of trade fluctuations in ethiopia
publisher	Taylor and Francis
publishDate	2013
url	http://hdl.handle.net/10986/13316
_version_	1764423166495555584

Decomposing Terms of Trade Fluctuations in Ethiopia

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