The PPP debate: Price matters!

被引：12
|
作者：
Coakley, J [1 ]
Kellard, N [1 ]
Snaith, S [1 ]
机构：
[1] Univ Essex, Dept Accounting Finance & Management, Colchester CO4 3SQ, Essex, England
来源：
ECONOMICS LETTERS | 2005年 / 88卷 / 02期
关键词：
real exchange rate; CIPS test;
D O I：
10.1016/j.econlet.2005.01.020
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We implement panel unit root PPP tests that allow for cross-sectional dependence between 15 OECD economies 1973: 03-1998: 12. The main variation in the results stems from using the CPI or PPI indexes rather than from ignoring or allowing for cross-sectional dependence. (c) 2005 Elsevier B.V. All rights reserved.
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页码：209 / 213
页数：5
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