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 … appear to increase when the terms of trade improve and real exchange rate overvaluation is reduced. However instability in … the terms of trade and the real exchange rate were not found to have significant effects on either investment or growth. …