Bleaney, Michael F.; Greenaway, David - 1998 - Manuscript received: July 1998
deterioration in the terms of trade associated with falls in the relative price of primary products, and the adverse impact of … excessive export price volatility on investment incentives. In this paper the impact of external disturbances on investment and … appear to increase when the terms of trade improve and real exchange rate overvaluation is reduced. However instability in …
