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Decomposing terms of trade fluctuations in Ethiopia (Английский)

This paper provides a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, the authors decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. The authors use monthly data from the past decade, including periods during the global food and financial crises. The findings suggest that diversification out of traditional...
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