Recent policy reform in LDCs has centred on liberalizing markets and removing state intervention. This is of great importance for exporters in these nations as they are becoming exposed to greater price risk. Given the prominent role played by primary commodities in the exports of LDCs it is of...

Various studies have investigated trends in commodity prices in the context of the Prebisch Singer Hypothesis. This paper applies new evidence on significance tests for trends in differenced and correlated stationary processes, to individual price series. <P>It is also investigated how well trends...</p>

This study examines the responsiveness of peasant farmers in Ethiopia to price and non-price factors. Quadratic production and restricted profit functions are estimated using farm-level survey data from Ethiopia in 1994. The results indicate that farmers respond only modestly to price...