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Is the consumption–income ratio stationary? Evidence from panel unit root tests

✍ Scribed by Nicholas Sarantis; Chris Stewart


Book ID
117333521
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
48 KB
Volume
64
Category
Article
ISSN
0165-1765

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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