This paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce test statistics behaving erratically when applied to PPP. We show that if appropriate tests (which are robust to cross-sectional dependence and more powerful) are used, any evidence of erratic behaviour disappears, and strong empirical support is found for PPP. It appears therefore that recent advances in panel data econometrics might enable us to settle the PPP debate
In this paper we show the consequences of applying a panel unit root test that assumes independence ...
Purchasing Power parity (PPP) is one of the most investigated topics in international finance. The e...
Abstract: This paper re-assesses the panel (unit root test) evidence for PPP on four monthly data se...
This paper examines whether, in addition to standard unit root and cointegration tests, panel appro...
This paper examines whether, in addition to standard unit root and cointegration tests, panel approa...
This paper examines whether, in addition to standard unit root and cointegration tests, panel approa...
This paper reviews recent developments in the analysis of non-stationary panels, focusing on empiric...
We analyse whether tests of PPP exhibit erratic behaviour (as previously reported by Caporale et al....
Abstract: This paper reviews panel unit root and cointegration tests in the context of PPP. It highl...
Panel unit root tests of real exchange rates – as opposed to univariate tests – usually reject non-s...
A common finding in the empirical literature on the validity of purchasing power parity (PPP) is tha...
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time serie...
A common finding in the empirical literature on the validity of purchasing power parity (PPP) is tha...
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time serie...
This paper investigates the purchasing power parity (PPP) hypothesis using panel data. Under PPP the...
In this paper we show the consequences of applying a panel unit root test that assumes independence ...
Purchasing Power parity (PPP) is one of the most investigated topics in international finance. The e...
Abstract: This paper re-assesses the panel (unit root test) evidence for PPP on four monthly data se...
This paper examines whether, in addition to standard unit root and cointegration tests, panel appro...
This paper examines whether, in addition to standard unit root and cointegration tests, panel approa...
This paper examines whether, in addition to standard unit root and cointegration tests, panel approa...
This paper reviews recent developments in the analysis of non-stationary panels, focusing on empiric...
We analyse whether tests of PPP exhibit erratic behaviour (as previously reported by Caporale et al....
Abstract: This paper reviews panel unit root and cointegration tests in the context of PPP. It highl...
Panel unit root tests of real exchange rates – as opposed to univariate tests – usually reject non-s...
A common finding in the empirical literature on the validity of purchasing power parity (PPP) is tha...
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time serie...
A common finding in the empirical literature on the validity of purchasing power parity (PPP) is tha...
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time serie...
This paper investigates the purchasing power parity (PPP) hypothesis using panel data. Under PPP the...
In this paper we show the consequences of applying a panel unit root test that assumes independence ...
Purchasing Power parity (PPP) is one of the most investigated topics in international finance. The e...
Abstract: This paper re-assesses the panel (unit root test) evidence for PPP on four monthly data se...