Journal Article

A Panel Data Approach to Price-Value Correlations

Autor

  • Andrea Vaona
Erscheinungsdatum

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.

Info

JEL Classification
C21, C43, C52, D46
DOI
10.1007/s00181-013-0733-2

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