Oh, Y.; Han, K. - In: Applied Economics Letters 16 (2009) 1, pp. 45-49
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...