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.

A panel data approach to price-value correlations. WP Series University of Verona Department of Economics (ISSN 2036-2919), 14/2011

VAONA, Andrea
2011-01-01

Abstract

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.
2011
value; price; fixed effects model; random effects model; panel unit root tests; panel cointegration tests
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11562/371403
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