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Is There a Persistent Inflation in OECD Energy Prices? Evidence from Panel Unit Root Tests

✍ Scribed by Yıldırım, Selim; Özdemir, Bilge Kağan; Doğan, Burhan


Book ID
123585214
Publisher
Elsevier
Year
2013
Tongue
English
Weight
400 KB
Volume
5
Category
Article
ISSN
2212-5671

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Using sequential trend break and panel data models, we investigate the unit root hypothesis for the in¯ation rates of thirteen OECD countries. With individual country tests, we ®nd evidence of stationarity in only four of the thirteen countries. The results are more striking with the panel data mode