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We examine whether the purchasing power parity holds between Korean major cities. We use the disaggregated consumer price index data for Korean cities including 13 tradable or nontradable goods. We apply panel unit root tests of Maddala and Wu (1999), Choi (2001) and Im et al. (2003). From the...
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The long-wavelength properties of the (d + 1)-dimensional Kuramoto-Sivashinsky (KS) equation with both conservative and nonconservative noises are investigated by use of the dynamic renormalization-group (DRG) theory. The dynamic exponent z and roughness exponent α are calculated for substrate...
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