Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 364

Review

Reforms and terms of trade volatility in an agriculture dependent economy

Jonaki Sengupta1, Ranjanendra Narayan Nag2 and Bhaskar Goswami3*
  1Department of Economics, Charuchandra College, Kolkata, India. 2Department of Economics, St. Xavier’s College (Autonomous), Kolkata, India. 3Department of Economics, Burdwan University, India.
Email: [email protected], [email protected]

  •  Accepted: 10 February 2011
  •  Published: 30 June 2011

Abstract

 

The issue of food crisis and agricultural price volatility were of critical importance in times of globalization. The present paper examined the potential benefits of trade in agricultural products and analyses the macroeconomic implications of commodity price volatility in the context of agricultural trade liberalization. The reference frame was an emerging market economy with a strong presence of agricultural sector.

 

Key words: Commodity price volatility, agricultural trade liberalization.