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Unit roots, postwar slowdowns and long-run growth: Evidence from two structural breaks

✍ Scribed by Dan Ben-David; Robin L. Lumsdaine; David H. Papell


Publisher
Springer-Verlag
Year
2003
Tongue
English
Weight
545 KB
Volume
28
Category
Article
ISSN
0377-7332

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## Abstract This study tests for the long‐run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970–2007. This assumption is considered both in its traditional view, that is, the reversion of