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Journal Article

A Panel Data Approach to Price-Value Correlations

Empirical Economics, 47(1): 21–34

Autoren

  • Vaona
  • A.

Erscheinungsdatum

DOI

10.1007/s00181-013-0733-2

JEL Classification

C21 C43 C52 D46

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Konjunktur Welt

Resorting to stationary and non-stationary panel data econometrics we offer tests for "Ricardo's 93% theory of value" for 10 OECD countries over different time periods and aggregation levels. The theory does not find empirical support.

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