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dc.contributor.authorOtero, Jesúsen
dc.contributor.authorIregui, Ana Maríaen
dc.date.accessioned2011-11-21-
dc.date.accessioned2011-12-15T13:19:52Z-
dc.date.available2011-12-15T13:19:52Z-
dc.date.issued2011-
dc.identifier.isbn978-92-9230-438-6en
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
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Working Paper |x2011/71en
dc.subject.jelO13en
dc.subject.jelC33en
dc.subject.ddc330en
dc.subject.keywordPrebisch and Singer hypothesisen
dc.subject.keywordpanel stationarityen
dc.subject.stwTerms of Tradeen
dc.subject.stwRohstoffpreisen
dc.titleThe long-run behaviour of the terms of trade between primary commodities and manufactures: A panel data approach-
dc.typeWorking Paperen
dc.identifier.ppn672579405en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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