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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… Click to show full abstract
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:
hypothesis;
singer hypothesis;
panel cointegration;
prebish singer
Journal Title: Economics Letters
Year Published: 2018
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Journal Title: Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!