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Testing seasonal mean-reversion in the real exchange rates: An application of nonlinear IV estimator

โœ Scribed by Tsung-wu Ho


Book ID
116421844
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
133 KB
Volume
99
Category
Article
ISSN
0165-1765

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## Abstract Unit root tests, seeking mean or trend reversion, are frequently applied to panel data. We show that more powerful variants of commonly applied tests are readily available. Moreover, power gains persist when the modifications are applied to bootstrap procedures that may be employed when