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Are real exchange rates non-stationary? The Pacific Basin perspective

โœ Scribed by Jyh-Lin Wu; Li-Ju Tsai; Show-Lin Chen


Book ID
113469900
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
167 KB
Volume
15
Category
Article
ISSN
1049-0078

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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