Byrne, Joseph P.; Fazio, Giorgio; Fiess, Norbert - In: Journal of Development Economics 101 (2013) C, pp. 16-26
The behavior of commodities is critical for developing and developed countries alike. This paper contributes to the empirical evidence on the co-movement and determinants of commodity prices. Using nonstationary panel methods, we document a statistically significant degree of co-movement due to...