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Are bilateral real exchange rates stationary? Evidence from Lagrange multiplier unit root tests for India

โœ Scribed by Narayan, Paresh Kumar


Book ID
120426203
Publisher
Taylor and Francis Group
Year
2006
Tongue
English
Weight
125 KB
Volume
38
Category
Article
ISSN
0003-6846

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โœ Jyh-Lin Wu; Show-Lin Chen ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 151 KB

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