Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56226 
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dc.contributor.authorLyhagen, Johanen
dc.date.accessioned2012-03-28T13:06:40Z-
dc.date.available2012-03-28T13:06:40Z-
dc.date.issued2000-
dc.identifier.urihttp://hdl.handle.net/10419/56226-
dc.description.abstractIn this paper we show the consequences of applying a panel unit root test when testing for a purchasing power parity relationship. The distribution of the tests investigated, including the IPS test of Im et al (1997), are influenced by a common stochastic trend which is usually not accounted for. The result is that the size tends to one with the number of cross-sections.en
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x413en
dc.subject.jelC12en
dc.subject.jelC22en
dc.subject.jelC23en
dc.subject.ddc330en
dc.subject.keywordDynamic panelsen
dc.subject.keywordMonte Carloen
dc.subject.keywordPurchasing power parityen
dc.subject.stwKaufkraftparitäten
dc.subject.stwUnit Root Testen
dc.subject.stwTheorieen
dc.titleWhy not use standard panel unit root test for testing PPP-
dc.typeWorking Paperen
dc.identifier.ppn333191765en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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