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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

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.

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)
Date: 2018
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