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Author(s):
International Monetary Fund
Published Date:
January 1987
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    World Economic and Financial Surveys

    April 1986World Economic Outlook: A Survey by the Staff of the International Monetary Fund.
    May 1986Primary Commodities: Market Developments and Outlook, by the Commodities Division of the Research Department.
    July 1986Staff Studies for the World Economic Outlook, by the Research Department.
    July 1986Export Credits: Developments and Prospects, by Eduard Brau, K. Burke Dillon, Chanpen Puckahtikom, and Miranda Xafa.
    October 1986World Economic Outlook: Revised Projections, by the Staff of the International Monetary Fund.
    December 1986International Capital Markets: Developments and Prospects, by Maxwell Watson, Russell Kincaid, Caroline Atkinson, Eliot Kalter, and David Folkerts-Landau.
    February 1987Recent Experience with Multilateral Official Debt Rescheduling, by K. Burke Dillon and Gumersindo Oliveros.
    April 1987World Economic Outlook: A Survey by the Staff of the International Monetary Fund.
    May 1987Primary Commodities: Market Developments and Outlook, by the Commodities Division of the Research Department.

    A comprehensive review of the discussion amongst economists on this issue is contained in J. Spraos, “The Statistical Debate on the Net Barter Terms of Trade Between Primary Commodities and Manufactures,” Economic Journal (London), 90 (March 1980), pp. 107–23. See also the comment on this article by D. Sapsford and the reply by J. Spraos in Economic Journal, 95 (September 1985), pp. 781–89. No attempt is made to duplicate or extend this discussion in this note.

    Data for the Lewis and United Nations series are presented in Tables 1 and 3 of the Spraos article.

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