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Are Real Exchange Rates Nonstationary? Evidence from a Panel-Data Test

โœ Scribed by Yangru Wu


Book ID
121524776
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
229 KB
Volume
28
Category
Article
ISSN
0022-2879

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Are real exchange rates stationary based
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