A panel data approach to price-value correlations

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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Year of publication:	2011-10
Authors:	Vaona, Andrea
Institutions:	Dipartimento di Scienze Economiche, Facoltà di Economia
Subject:	value \| price \| fixed effects model \| random effects model \| panel unit root tests \| panel cointegration tests

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 14/2011 0 pages long
Classification:	C21 - Cross-Sectional Models; Spatial Models ; C43 - Index Numbers and Aggregation ; C52 - Model Evaluation and Testing ; D46 - Value Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010614494