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Productivity growth and inflation in Europe: Evidence from panel cointegration tests

โœ Scribed by Dimitris K. Christopoulos; Efthymios G. Tsionas


Publisher
Springer-Verlag
Year
2005
Tongue
English
Weight
285 KB
Volume
30
Category
Article
ISSN
0377-7332

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