Kalyoncu, Huseyin; Kalyoncu, Kahraman - In: Economic Modelling 25 (2008) 3, pp. 440-445
This paper investigates the validity of purchasing power parity (PPP) for 25 OECD countries by using a panel unit-root methodology. The procedure used here is to examine stationarity of real exchange rate. Using ADF unit-root test on single time-series, it is found that real exchange rate of all...
