EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Working Papers, United Nations University (UNU) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/54160
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorOtero, Jesúsen_US
dc.contributor.authorIregui, Ana Maríaen_US
dc.date.accessioned2011-11-21en_US
dc.date.accessioned2011-12-15T13:19:52Z-
dc.date.available2011-12-15T13:19:52Z-
dc.date.issued2011en_US
dc.identifier.isbn978-92-9230-438-6en_US
dc.identifier.urihttp://hdl.handle.net/10419/54160-
dc.description.abstractThis study examines the Prebisch and Singer hypothesis using a panel of 24 commodity prices from 1900 to 2010. The modelling approach stems from the need to meet two key concerns: (1) the presence of cross-sectional dependence among commodity prices; and (2) the identification of potential structural breaks. To address these concerns, the Hadri and Rao test (2008) is employed. The findings suggest that all commodity prices exhibit a structural break at different locations across series, and that support for the Prebisch and Singer hypothesis is mixed. Once the breaks are removed from the underlying series, the persistence of commodity price shocks is shorter than that obtained in other studies using alternative methodologies.en_US
dc.language.isoengen_US
dc.publisherWIDER Helsinkien_US
dc.relation.ispartofseriesWorking paper // World Institute for Development Economics Research 2011,71en_US
dc.subject.jelO13en_US
dc.subject.jelC33en_US
dc.subject.ddc330en_US
dc.subject.keywordPrebisch and Singer hypothesisen_US
dc.subject.keywordpanel stationarityen_US
dc.subject.stwTerms of Tradeen_US
dc.subject.stwRohstoffpreisen_US
dc.titleThe long-run behaviour of the terms of trade between primary commodities and manufactures: A panel data approachen_US
dc.typeWorking Paperen_US
dc.identifier.ppn672579405en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

Files in This Item:
File Description SizeFormat
672579405.pdf229.78 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.