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dc.contributor.authorCaporale, Guglielmo Maria-
dc.contributor.authorHanck, Christoph-
dc.date.accessioned2006-12-15T10:59:44Z-
dc.date.available2006-12-15T10:59:44Z-
dc.date.issued2006-12-15T10:59:44Z-
dc.identifier.urihttp://hdl.handle.net/2003/23125-
dc.identifier.urihttp://dx.doi.org/10.17877/DE290R-14550-
dc.description.abstractThis paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce test statistics behaving erratically when applied to tests for PPP. We show that if appropriate tests (which are robust to cross-sectional dependence and more powerful than single time series tests) are used, any evidence of erratic behaviour disappears, and strong empirical support is found for PPP. It appears therefore that recent advances in panel data econometrics might enable us to settle the PPP debate. JEL Classification: C12, C23, F31en
dc.format.extent159050 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoen-
dc.subjectErratic behaviouren
dc.subjectPanel testsen
dc.subjectPurchasing Power Parity (PPP)en
dc.subjectReal exchange ratesen
dc.subject.ddc004-
dc.titleAre PPP tests erratically behaved? Some panel evidenceen
dc.typeTextde
dc.type.publicationtypereporten
dcterms.accessRightsopen access-
Appears in Collections:Sonderforschungsbereich (SFB) 475

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