Misleading inferences from panel unit-root tests with an illustration from purchasing power parity

Review of International Economics

Volumn 9, Issue 3, 2001, Pages 482-493

  Breuer, J B ^a   McNown, R ^a   Wallace, M S ^a  

^a UNIVERSITY OF SOUTH CAROLINA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

PURCHASING POWER PARITY; TESTING METHOD;

EID: 0034943541     PISSN: 09657576     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9396.00294     Document Type: Article

References (21)

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5. Testing for unit roots in heterogeneous panels
6. Cointegration of consumption and disposable income: Evidence from twelve OECD countries
7. Mean reversion in real exchange rates: Evidence and implications for forecasting
8. Multi-country evidence on the behavior of purchasing power parity under the current float
9. A comparative study of unit root tests with panel data and a new simple test
10. The overvaluation of purchasing power parity
11. Purchasing power parity and unit root tests using panel data
12. Searching for stationarity: Purchasing power parity under the current float
13. Convergence to the law of one price without trade barriers or currency fluctuations
14. Real exchange rates under the recent float: Unequivocal evidence of mean reversion
15. The behavior of real exchange rates during the post Bretton woods period
16. Asymptotic normality when regressors have a unit root
17. Are real exchange rates nonstationary? Evidence from a panel-data test
18. Mean reversion in interest rates: New evidence from a panel of OECD countries