Are real exchange rates stationary based
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Jyh-Lin Wu; Show-Lin Chen
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Article
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1999
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John Wiley and Sons
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English
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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