Drine, I.; Rault, Ch. - In: Applied Econometrics and International Development 4 (2004) 4
This paper tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for 6 Asian countries. We apply new panel data cointegration techniques recently developed by Pedroni (2000, 2004) and we compare the results with those obtained with conventional Johansen (1995)’s time series...