The Prebish–Singer hypothesis in the post-colonial era: Evidence from panel cointegration
Francesca Di Iorio and
Stefano Fachin ()
Economics Letters, 2018, vol. 166, issue C, 86-89
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.
Keywords: Prebish–Singer hypothesis; Commodity prices; Panel cointegration; Bootstrap (search for similar items in EconPapers)
JEL-codes: C22 C33 O13 Q11 (search for similar items in EconPapers)
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Working Paper: The Prebish-Singer hypothesis in the post-colonial era: evidence from panel cointegration (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:166:y:2018:i:c:p:86-89
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