Back to Search
Start Over
Panel cointegration and productivity bias hypothesis.
- Source :
-
Journal of Economic Studies . 2004, Vol. 31 Issue 5, p448-456. 9p. - Publication Year :
- 2004
-
Abstract
- Productivity bias hypothesis claims that deviation of the PPP based exchange rate from the equilibrium rate is mainly due to productivity differentials among countries. Early studies that employed cross-sectional data in testing the hypothesis provided mixed results. A few time-series studies have provided some support for the hypothesis. This paper relies on panel data and recent advances in panel unit-root and panel cointegration analysis and provides strong results supporting the hypothesis. The results are not sensitive to classification of the world by regions. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01443585
- Volume :
- 31
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Journal of Economic Studies
- Publication Type :
- Academic Journal
- Accession number :
- 15412991