Article ID Journal Published Year Pages File Type
7349133 Economics Letters 2018 12 Pages PDF
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.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The Prebish-Singer hypothesis in the post-colonial era: Evidence from panel cointegration
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