Bahmani-Oskooee, Mohsen; Gelan, Abera - In: Economics Bulletin 6 (2006) 17, pp. 1-15
Since its introduction in 2003, a new unit-root test that incorporates non-linearity in mean reverting process of a time series variable has gained momentum in testing the Purchasing Power Parity (PPP) theory. A few studies have applied the new test to the real bilateral exchange rates and have...
