Testing the Prebish-Singer hypothesis using second-generation panel data stationarity tests with a break
| Data(s) |
01/12/2012
|
|---|---|
| Resumo |
In this paper, we test the Prebish-Singer (PS) hypothesis, which states that real commodity prices decline in the long run, using two recent powerful panel data stationarity tests accounting for cross-sectional dependence and a structural break. We find that the hypothesis cannot be rejected for most commodities other than oil. |
| Formato |
application/pdf |
| Identificador | |
| Idioma(s) |
eng |
| Direitos |
info:eu-repo/semantics/openAccess |
| Fonte |
Arezki , R , Hadri , K , Kurozumi , E & Rao , Y 2012 , ' Testing the Prebish-Singer hypothesis using second-generation panel data stationarity tests with a break ' Economics Letters , vol 117 , no. 3 , pp. 814-816 . DOI: 10.1016/j.econlet.2012.08.035 |
| Palavras-Chave | #/dk/atira/pure/subjectarea/asjc/2000/2003 #Finance #/dk/atira/pure/subjectarea/asjc/2000/2002 #Economics and Econometrics |
| Tipo |
article |
