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Applied Economics Volume 28, 1996 - Issue 6
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Original Articles

Drift in the relative price of primary commodities: a case where we care about unit roots

Paul Newbold
&
Dimitrios Vougas
Pages 653-661 | Published online: 01 Oct 2010

Citations (25)

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Read on this site (2)

Chao-Hsiang Yang, Chi-Tai Lin & Yu-Sheng Kao. (2012) Exploring stationarity and structural breaks in commodity prices by the panel data model. Applied Economics Letters 19:4, pages 353-361.
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Paul Dunne, Eftychia Nikolaidou & Dimitrios Vougas. (2001) Defence spending and economic growth: A causal analysis for Greece and Turkey* . Defence and Peace Economics 12:1, pages 5-26.
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Articles from other publishers (23)

Manuel Landajo & María José Presno. (2022) The prices of renewable commodities: a robust stationarity analysis*. Australian Journal of Agricultural and Resource Economics 66:2, pages 447-470.
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Hany Fahmy. (2021) A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis. Journal of Risk and Financial Management 14:7, pages 319.
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Shouvik Chakraborty & Prabirjit Sarkar. (2020) FROM THE CLASSICAL ECONOMISTS TO EMPIRICISTS: A REVIEW OF THE TERMS OF TRADE CONTROVERSY. Journal of Economic Surveys 34:5, pages 1111-1133.
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By John Baffes & Xiaoli L. Etienne. (2016) Analysing food price trends in the context of Engel’s Law and the Prebisch-Singer hypothesis. Oxford Economic Papers 68:3, pages 688-713.
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Rob Clark & Trent Cason. (2015) Getting on Good Terms. Sociology of Development 1:3, pages 374-399.
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Hany Fahmy. (2014) Modelling nonlinearities in commodity prices using smooth transition regression models with exogenous transition variables. Statistical Methods & Applications 23:4, pages 577-600.
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Ana Mar?a Iregui & Jes?s 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, pages 35-56.
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Walter Enders & Matthew T. Holt. (2012) Sharp Breaks or Smooth Shifts? an Investigation of the Evolution of Primary Commodity Prices. American Journal of Agricultural Economics 94:3, pages 659-673.
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Atanu Ghoshray. (2011) A reexamination of trends in primary commodity prices. Journal of Development Economics 95:2, pages 242-251.
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David I Harvey, Neil M Kellard, Jakob B Madsen & Mark E Wohar. (2010) The Prebisch-Singer Hypothesis: Four Centuries of Evidence. Review of Economics and Statistics 92:2, pages 367-377.
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Joseph V. Balagtas & Matthew T. Holt. (2009) The Commodity Terms of Trade, Unit Roots, and Nonlinear Alternatives: A Smooth Transition Approach. American Journal of Agricultural Economics 91:1, pages 87-105.
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Dabin Wang & William G. Tomek. (2007) Commodity Prices and Unit Root Tests. American Journal of Agricultural Economics 89:4, pages 873-889.
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Neil Kellard & Mark E. Wohar. (2006) On the prevalence of trends in primary commodity prices. Journal of Development Economics 79:1, pages 146-167.
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MARINA MARINKOV & PHILIPPE BURGER. (2005) THE VARIOUS DIMENSIONS OF COMMODITY DEPENDENCE IN AFRICA. The South African Journal of Economics 73:2, pages 269-291.
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Paul Newbold, Stephan Pfaffenzeller & Anthony Rayner. (2005) How well are long-run commodity price series characterized by trend components?. Journal of International Development 17:4, pages 479-494.
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Tae‐Hwan Kim, Stephan Pfaffenzeller, Tony Rayner & Paul Newbold. (2003) Testing for Linear Trend with Application to Relative Primary Commodity Prices. Journal of Time Series Analysis 24:5, pages 539-551.
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Anna Persson & Timo Teräsvirta. (2003) The net barter terms of trade: A smooth transition approach. International Journal of Finance & Economics 8:1, pages 81-97.
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Paul Newbold, Tony Rayner & Neil Kellard. (2008) Long‐Run Drift, Co‐Movement and Persistence in Real Wheat and Maize Prices. Journal of Agricultural Economics 51:1, pages 106-121.
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Matthias G. Lutz. (1999) Commodity terms of trade and individual countries' net barter terms of trade: Is there an empirical relationship?. Journal of International Development 11:6, pages 859-870.
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Carl R. Zulauf, Scott H. Irwin, Jason E. Ropp & Anthony J. Sberna. (1999) A reappraisal of the forecasting performance of corn and soybean new crop futures. Journal of Futures Markets 19:5, pages 603-618.
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Hany Fahmy. (2021) A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis. SSRN Electronic Journal.
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Rodrigo Mariscal & Andrew Powell. (2014) Commodity Price Booms and Breaks: Detection, Magnitude and Implications for Developing Countries. SSRN Electronic Journal.
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Atanu Ghoshray. (2011) Underlying Trends and International Price Transmission of Agricultural Commodities. SSRN Electronic Journal.
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