How Long to Read Testing the Prebisch-Singer Hypothesis since 1650

By Mr. Rabah Arezki

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It takes the average reader and 38 minutes to read Testing the Prebisch-Singer Hypothesis since 1650 by Mr. Rabah Arezki

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Description

In this paper, we re-examine two important aspects of the dynamics of relative primary commodity prices, namely the secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and powerful panel data stationarity tests that allow for endogenous multiple structural breaks. Results show that all the series are stationary after allowing for endogeneous multiple breaks. Test results on the Prebisch-Singer hypothesis, which states that relative commodity prices follow a downward secular trend, are mixed but with a majority of series showing negative trends. We also make a first attempt at identifying the potential drivers of the structural breaks. We end by investigating the dynamics of the volatility of the 25 relative primary commodity prices also allowing for endogenous multiple breaks. We describe the often time-varying volatility in commodity prices and show that it has increased in recent years.

How long is Testing the Prebisch-Singer Hypothesis since 1650?

Testing the Prebisch-Singer Hypothesis since 1650 by Mr. Rabah Arezki is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

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The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Testing the Prebisch-Singer Hypothesis since 1650 aloud.

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Testing the Prebisch-Singer Hypothesis since 1650 is suitable for students ages 8 and up.

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