Bahmani-Oskooee, Mohsen; Kutan, Ali; Zhou, Su - In: Applied Economics 41 (2009) 24, pp. 3057-3066
Several different approaches have been followed by researchers to test the validity of Purchasing Power Parity (PPP). Since the introduction of the unit-root tests, researchers have applied a battery of these tests to determine whether the real exchange rates are stationary. If the answer is in...