Is the Real Exchange Rate Stationary? The Application of Similar Tests for a Unit Root in the Univariate and Panel Cases

In this article we show that mean-adjusting panel and univariate time series unit root tests yield similar size when there is no drift. The conclusion of the empirics for Purchasing Power Parity is that on average it holds

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Year of publication:	[2009]
Authors:	Beirne, John
Other Persons:	Hunter, John (contributor) ; Simpson, Mark (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Kaufkraftparität \| Purchasing power parity \| Einheitswurzeltest \| Unit root test \| Panel \| Panel study \| Zeitreihenanalyse \| Time series analysis \| Theorie \| Theory

Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Quantitative and Qualitative Analysis in Social Sciences Vol. 1, No. 2, pp. 55-70, 2007 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 7, 2007 erstellt
Classification:	C32 - Time-Series Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012765821