Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/48727
Authors: 
Loening, Josef L.
Higashi, Masato
Year of Publication: 
2011
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Trade, Developing Countries, and Technology Adoption D15-V3
Abstract: 
This paper 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 a terms of trade shock. Continued export diversification will be beneficial.
Subjects: 
Terms of Trade
Food Price Crisis
Financial Crisis
Ethiopia
JEL: 
F14
O11
O55
Document Type: 
Conference Paper

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