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Purchasing power parity in OECD countries: Nonlinear unit root tests revisited

✍ Scribed by Cuestas, Juan Carlos; Regis, Paulo José


Book ID
123073879
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
172 KB
Volume
32
Category
Article
ISSN
0264-9993

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✍ Lu Yang-Cheng; Chang Tsangyao; Lee Chia-Hao; Su Chi-Wei 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 English ⚖ 167 KB

## ABSTRACT This study applies the threshold unit root test proposed by Caner and Hansen (2001) to test the validity of long‐run purchasing power parity (PPP) in a sample of 15 Latin American countries. These countries share characteristics as high inflation, nominal shocks and trade openness which