Does Purchasing Power Parity hold? New Evidence from Wild-bootstrapped Nonlinear Unit Root Tests in the Presence of Heteroskedasticity

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Does Purchasing Power Parity hold? New Evidence from Wild-bootstrapped Nonlinear Unit Root Tests in the Presence of Heteroskedasticity

In spite of the extensive research which has already been undertaken, the issue as to whether Purchasing Power Parity (PPP) empirically holds, continues to be strongly debated. Existing studies have been criticized for their reliance on unit root tests which are deemed to suffer from certain weaknes...

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Bibliographic Details
Main Authors:	Su, J., Cheung, Adrian, Roca, E.
Format:	Journal Article
Published:	Elsevier BV * North-Holland 2014
Subjects:	Heteroskedasticity Purchasing power parity Wild bootstrapping (Nonlinear) unit root test
Online Access:	http://hdl.handle.net/20.500.11937/8426

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