Testing the Prebish–Singer hypothesis using second-generation panel data stationarity tests with a break

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 117
Issue: 3
Pages: 814-816

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:117:y:2012:i:3:p:814-816
Journal Field
General
Author Count
4
Added to Database
2026-01-24