We test the hypothesis that commodity prices tend to decline relatively to manufactured goods prices using a panel cointegration bootstrap test. The hypothesis does not hold for 1950–1980, and it does for 1950–2011 for agricultural products but not for Metals.
The Prebish–Singer hypothesis in the post-colonial era: Evidence from panel cointegration / Fachin, Stefano. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 166:(2018), pp. 86-89. [10.1016/j.econlet.2018.02.026]
The Prebish–Singer hypothesis in the post-colonial era: Evidence from panel cointegration
Stefano Fachin
2018
Abstract
We test the hypothesis that commodity prices tend to decline relatively to manufactured goods prices using a panel cointegration bootstrap test. The hypothesis does not hold for 1950–1980, and it does for 1950–2011 for agricultural products but not for Metals.File allegati a questo prodotto
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