Purchasing power parity-evidence from a new panel test
This paper uses a recently suggested test for unit roots in panels of time series data (Maddala and Wu, Oxford Bulletin of Economics and Statistics, 61, 631-52,1999) to consider the Purchasing Power Parity hypothesis. The major innovation of this test is that it allows both the testing of unit root...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Taylor & Francis
2002
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| Online Access: | http://hdl.handle.net/20.500.11937/24016 |