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

Detalhes bibliográficos
Autor(a) principal: Iregui, Ana María
Data de Publicação: 2013
Outros Autores: Otero, Jesús
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15700
Resumo: This 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.
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spelling The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approachPrebisch and singer hypothesis ·Panel stationarityStructural changeCross section dependenceThis 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.Springer VerlagRepositório da Universidade de LisboaIregui, Ana MaríaOtero, Jesús2018-06-25T08:17:31Z2013-042013-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15700engIregui, Ana María e Jesús Otero (2013). "The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach". Portuguese Economic Journal, 12(1):35-561617-982X (print)10.1007/s10258-012-0086-3metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-07T01:30:44Zoai:www.repository.utl.pt:10400.5/15700Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:18.587216Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
title The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
spellingShingle The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
Iregui, Ana María
Prebisch and singer hypothesis ·
Panel stationarity
Structural change
Cross section dependence
title_short The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
title_full The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
title_fullStr The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
title_full_unstemmed The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
title_sort The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach
author Iregui, Ana María
author_facet Iregui, Ana María
Otero, Jesús
author_role author
author2 Otero, Jesús
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Iregui, Ana María
Otero, Jesús
dc.subject.por.fl_str_mv Prebisch and singer hypothesis ·
Panel stationarity
Structural change
Cross section dependence
topic Prebisch and singer hypothesis ·
Panel stationarity
Structural change
Cross section dependence
description This 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.
publishDate 2013
dc.date.none.fl_str_mv 2013-04
2013-04-01T00:00:00Z
2018-06-25T08:17:31Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15700
url http://hdl.handle.net/10400.5/15700
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Iregui, Ana María e Jesús Otero (2013). "The long-run behaviour of the terms of trade between primary commodities and manufactures : a panel data approach". Portuguese Economic Journal, 12(1):35-56
1617-982X (print)
10.1007/s10258-012-0086-3
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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