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Export Prices of Primary Producers: NIESR Index Numbers

Published online by Cambridge University Press:  26 March 2020

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Extract

These price index numbers were introduced in the very first issue of the Economic Review in 1959 with the aim of illustrating the changes in the market prices of commodities exported by primary producing countries. The original system was revised in 1965; this note describes further major revisions.

Type
Articles
Information
National Institute Economic Review , Volume 63 , February 1973 , pp. 88 - 91
Copyright
Copyright © 1973 National Institute of Economic and Social Research

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References

page 88 note (1) National Institute Economic Review, no. 1, January 1959, pages 32-5.

page 88 note (2) National Institute Economic Review, no. 34, November 1965, pages 98-101.

page 88 note (3) We acknowledge the collaboration of the Research Department of the International Monetary Fund on various aspects of the revision.

page 88 note (1) Primary product exports of industrial countries (USA, Canada, France, etc.) are excluded from the weighting system.

page 88 note (2) Major changes in this area affect fats and oils, cotton, wool, coffee, tea, zinc, tin and especially sugar. (Exports from Cuba are excluded because inadequate information is avail able concerning the Cuban-Soviet sugar agreement and trade.)

page 89 note (1) These are Australia, New Zealand, South Africa, the Irish Republic, Greece, Turkey and Iceland.

page 89 note (2) As from this issue the average dollar-sterling rate will be shown in the last column of table 22 of the Statistical Appendix.