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The terms of trade and domestic spending : Termes de l'échange et la dépense intérieure

10 Jan 2008

The influence of the terms of trade on the Canadian economy has not received much attention as a source of change. [...] This paper examines the measurement and interpretation of the terms of trade, the factors that led to its recent change and the impact of this shift on the economy. [...] Although the paper focuses on the terms of trade, incorporating changes in them into the analysis captures only part of a larger, ongoing restructuring the Canadian economy. [...] Measuring the terms of trade and their impact The terms of trade – the price of exports relative to the price of imports –are one of the least discussed sources of change in Canadian living standards. [...] When the price of oil increases, the oil sold to the United States makes more money for the Canadian oil company and the incomes of its employees and owners rise.
economics economy export gross domestic product exchange rate productivity growth international trade canada economic growth imports index prices productivity earnings terms of trade canadian economy gdp economies commodity economy of canada retailer imported

Authors

Macdonald, Ryan

ISBN
9780662476405
Pages
13
Published in
Canada

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