Iregui, Ana; Otero, Jesús - In: Portuguese Economic Journal 12 (2013) 1, pp. 35-56
This paper examines the Prebisch and Singer hypothesis using a panel of twenty-four commodity prices from 1900 to 2010 … and Singer hypothesis is mixed. Once the breaks are removed from the underlying series, the persistence of commodity price … all commodity prices exhibit a structural break whose location differs across series, and that support for the Prebisch …