The PPP debate: Multiple breaks and cross-sectional dependence

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 115
Issue: 3
Pages: 342-344

Authors (1)

Snaith, Stuart (University of Victoria)

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This study implements panel unit root PPP tests accommodating level and trend breaks and cross-sectional dependence. In the presence of breaks there is evidence of a currency and price index effect. Additionally accounting for cross-sectional dependence overturns support for PPP.

Technical Details

RePEc Handle
repec:eee:ecolet:v:115:y:2012:i:3:p:342-344
Journal Field
General
Author Count
1
Added to Database
2026-01-29