The Prebish-Singer hypothesis in the post-colonial era: evidence from panel cointegration
Francesca Di Iorio and
Stefano Fachin ()
No 2018/1, DSS Empirical Economics and Econometrics Working Papers Series from Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome
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 find partial support for the hypothesis, which appears to hold for Food and Non Food agricultural products but not for Metal goods.
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)
New Economics Papers: this item is included in nep-agr, nep-his and nep-pke
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http://www.dss.uniroma1.it/RePec/sas/wpaper/20181_DIF.pdf First version, 2018 (application/pdf)
Journal Article: 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:sas:wpaper:20181
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