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https://hdl.handle.net/10419/56226
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lyhagen, Johan | en |
dc.date.accessioned | 2012-03-28T13:06:40Z | - |
dc.date.available | 2012-03-28T13:06:40Z | - |
dc.date.issued | 2000 | - |
dc.identifier.uri | http://hdl.handle.net/10419/56226 | - |
dc.description.abstract | In 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.iso | eng | en |
dc.publisher | |aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholm | en |
dc.relation.ispartofseries | |aSSE/EFI Working Paper Series in Economics and Finance |x413 | en |
dc.subject.jel | C12 | en |
dc.subject.jel | C22 | en |
dc.subject.jel | C23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Dynamic panels | en |
dc.subject.keyword | Monte Carlo | en |
dc.subject.keyword | Purchasing power parity | en |
dc.subject.stw | Kaufkraftparität | en |
dc.subject.stw | Unit Root Test | en |
dc.subject.stw | Theorie | en |
dc.title | Why not use standard panel unit root test for testing PPP | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 333191765 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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