A panel data approach to price–value correlations

Andrea Vaona

Empirical Economics, 2014, vol. 47, issue 1, 34 pages

Abstract: Resorting to stationary and nonstationary panel data econometrics, we offer tests for “Ricardo’s 93% theory of value” for ten OECD countries over different time ranges. The theory does not find empirical support. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: Value; Price; Fixed effects model; Random effects model; Panel unit root tests; Panel cointegration tests; C21; C43; C52; D46 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s00181-013-0733-2

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