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Monograph

Identifikator:: 883823179

URN:: urn:nbn:de:zbw-retromon-4396

Document type:: Monograph

Author:: König, Joseph http://d-nb.info/gnd/119182084

Title:: Die Untersuchung landwirtschaftlich und gewerblich wichtiger Stoffe

Edition:: Dritte, neubearbeitete Auflage

Place of publication:: Berlin

Publisher:: Verlagsbuchhandlung Paul Parey

Year of publication:: 1906

Scope:: 1 Online-Ressource (XXIII, 1083 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Document type:: Monograph

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Title:: Rohstoffe und Erzeugnisse der Spiritusfabrikation

Collection:: Economics Books

300 INTERNATIONAL TRADE ments! The period covered in them is that from the resumption of specie payments in 1879 to the outbreak of the Great War. Chart I shows the course of the prices of imported goods and of exported goods. The general movements are such as might be expected. Allowing for cyclical variations, the trends for both are CHART 1. [IMPORT AND EXPORT PRICES, UNITED STATES, 1880-1914. Toi N 3 a AL of 'n- ¥ [iy Nenmm—e 1880 I —— sas sansinssssabas sud » suJlU 45 Export prices Import prices Base, average of 1903-13. 1900 es emi 1905 1910 1914 downward from 1879 to the close of the century ; then, after 1898, upward until 1914. This was the general course of prices the world over during the thirty-five years. In the United States import prices fell somewhat faster than export prices during the earlier stage, more especially in the very first years (until 1885). During the later stage there is no significant divergence between the two: the trend is the same. 1 See the paper by Mr. T. J. Kreps in The Quarterly Journal of Economics for August, 1926 (Vol. 40, p. 708), where the figures are given in detail and the mode in which they were calculated is explained. The figures most important for the present purpose are reproduced in Appendix III, p. 416. The inquiry on this subject, suggested to Mr. Kreps by myself, proved to be much more laborious and difficult than anticipated ; and the perplexing statistical problems were handled by him with high ability. The results, I may add, are significant not only for the problems of international trade, but also for statistical technique and monetary theory.

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