Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56226
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dc.contributor.authorLyhagen, Johanen_US
dc.date.accessioned2012-03-28T13:06:40Z-
dc.date.available2012-03-28T13:06:40Z-
dc.date.issued2000en_US
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_US
dc.language.isoengen_US
dc.publisher|aEkonomiska Forskningsinst. |cStockholmen_US
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x413en_US
dc.subject.jelC12en_US
dc.subject.jelC22en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordDynamic panelsen_US
dc.subject.keywordMonte Carloen_US
dc.subject.keywordPurchasing power parityen_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwUnit Root Testen_US
dc.subject.stwTheorieen_US
dc.titleWhy not use standard panel unit root test for testing PPPen_US
dc.typeWorking Paperen_US
dc.identifier.ppn333191765en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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