Journal Article

A Panel Data Approach to Price-Value Correlations

Empirical Economics, 47(1): 21–34

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Authors

Vaona
A.

Publication Date

08/2014

DOI

10.1007/s00181-013-0733-2

JEL Classification

C21 C43 C52 D46

Key Words

fixed effects model

panel cointegration tests

panel unit root tests

price

random effects model

value

Related Topics

Business Cycle World

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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