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The long-run behaviour of the terms of trade between primary commodities and manufactures: A panel data approach

dc.creatorIregui, Ana Maríaspa
dc.creatorOtero Cardona, Jesús Gilberto
dc.date.accessioned2020-05-25T23:58:21Z
dc.date.available2020-05-25T23:58:21Z
dc.date.created2013spa
dc.description.abstractThis paper examines the Prebisch and Singer hypothesis using a panel of twenty-four commodity prices from 1900 to 2010. The modelling approach stems from the need to meet two key concerns: (i) the presence of cross-sectional dependence among commodity prices; and (ii) the identification of potential structural breaks. To address these concerns, the Hadri and Rao (Oxf Bull Econ Stat 70:245-269, 2008) test is employed. The findings suggest that all commodity prices exhibit a structural break whose location differs 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. © 2013 ISEG.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1007/s10258-012-0086-3
dc.identifier.issn1617982X
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22847
dc.language.isoengspa
dc.relation.citationEndPage56
dc.relation.citationIssueNo. 1
dc.relation.citationStartPage35
dc.relation.citationTitlePortuguese Economic Journal
dc.relation.citationVolumeVol. 12
dc.relation.ispartofPortuguese Economic Journal, ISSN:1617982X, Vol.12, No.1 (2013); pp. 35-56spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84876087072&doi=10.1007%2fs10258-012-0086-3&partnerID=40&md5=162f51e7b920691d5e4db45e54631589spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordCross section dependencespa
dc.subject.keywordPanel stationarityspa
dc.subject.keywordPrebisch and singer hypothesisspa
dc.subject.keywordStructural changespa
dc.titleThe long-run behaviour of the terms of trade between primary commodities and manufactures: A panel data approachspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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