This paper analyzes the net barter terms of trade measured by the primary commodity price index relative to the index of unit values of export of manufactures from industrial countries. The starting-point is that the series is stationary but possibly nonlinear. Statistical tests indicate that...

This paper analyses the net barter terms of trade measured by the primary commodity price index relative to the indexes of unit values of export of manufactures from industrial countries. The starting point is that the series is stationary but possibly non-linear. Statistical tests indicate that...