Terms of Trade and Current Account
Management and Economic Journal
,Volume
2017
,
Page 67-71
Abstract
In this paper, we find that a rise in the price of land-using commodity would lead to a decrease in the interest rate and hence the price of capital would decline. In addition, we also find that a rise in the price of land-using commodity would lead to an increase in the land rent and hence lead to a rise in the price of land. Finally, we reveal that the impact of terms of trade on current account is ambiguous
References
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