Estimation and testing of ARFIMA models
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L.A. Gil-Alana; J. Toro
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Article
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2002
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John Wiley and Sons
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English
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๐ 1 views
## Abstract The Purchasing Power Parity (PPP) hypothesis is one of the most important theoretical relationships in international economics. However, its empirical support remains controversial. We propose an alternative way of modelling the real exchange rate in five industrialized countries in rel