We test the Prebish-Singer hypothesis that commodity prices tend to decline relatively to manufactured goods prices using a panel cointegration bootstrap test, for the period 1950-2011. We nd partial support for the hypothesis, which appears to hold for Food and Non Food agricultural products but not for Metal goods.
The Prebish-Singer hypothesis in the post-colonial era: evidence from panel cointegration / Di Iorio, Francesca; Fachin, S.. - WP 2018/1:(2018), pp. 1-8.
The Prebish-Singer hypothesis in the post-colonial era: evidence from panel cointegration
Di Iorio, Francesca
;
2018
Abstract
We test the Prebish-Singer hypothesis that commodity prices tend to decline relatively to manufactured goods prices using a panel cointegration bootstrap test, for the period 1950-2011. We nd partial support for the hypothesis, which appears to hold for Food and Non Food agricultural products but not for Metal goods.File in questo prodotto:
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