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ARE ASIA-PACIFIC REAL EXCHANGE RATES STATIONARY? A REGIME-SWITCHING PERSPECTIVE

✍ Scribed by Mark J. Holmes


Book ID
111047764
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
206 KB
Volume
15
Category
Article
ISSN
1361-374X

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Recently, there have been many studies that apply the panel unit-root test of to support the validity of long-run purchasing power parity (PPP) for industrial countries. This paper applies two recently developed panel unit-root tests, provided by Im et al. (1995) and , respectively, to re-examine t