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Moreover, Odedokun's (1997) study on African countries shows that improvements in the term of trade derived from falling imports prices appreciate the REER, but this does not occur when such improvements come from rising exports prices.
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Several empirical studies have found that improvements in the terms of trade tend to appreciate the REER (Clark and MacDonald 1999; De Gregorio and Wolf 1994).
The committee had originally been charged with implementing improvements in the terms and conditions of employment of CRS as noted in a university-government agreement known as the Concordat.
He found that, the growth rate (real per capita GDP) is enhanced by higher initial schooling and life expectancy, lower fertility, lower government consumption, better maintenance of the rule of law, lower inflation and improvements in the terms of trade.
The combined effect of declining prices of textiles and rising prices of livestock products produced dramatic improvements in the terms of trade, which rose 377% between 1810 and 1825 in local prices.
Assisted by the fall in world commodity prices and an improvement in the terms of trade, controls could be removed without inflation resulting.
Corporate and income taxes had both been cut.These reforms have done much more to transform the Australian economy than the recent improvement in the terms of trade.
Second, there has been an improvement in the terms of trade the ratio of export prices to import prices of about 8% since 1996.
Beyond that, some creditors complain that the Russian plan does not offer investors any improvement in the terms of the restructuring deal, should the economy unexpectedly begin to recover.
In the medium run, an improvement in the terms of trade increases the real remuneration received by landowners and capitalists in the primary sector.
If the economy is specialized, then, in the long run, workers benefit from an improvement in the terms of trade and from a reduction in export taxes.
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