References
- Bai , J. and Ng , S. 2004 . A panic attack on unit roots and cointegration . Econometrica , 72 : 1127 – 77 .
- Banerjee , A. , Marcellino , M. and Osbat , C. 2005 . Testing for PPP: should we use panel methods . Empirical Economics , 30 : 77 – 91 .
- Breitung , J. 2000 . “ Nonstationary panels, panel cointegration, and dynamic panels: the local power of some unit root tests for panel data ” . In Advance in Econometrics , Edited by: Baltagi , B. H. Vol. 15 , 161 – 78 . Amsterdam : JAI Press .
- Camarero , M. and Tamarit , C. 2009 . Testing for real interest rate parity using panel stationary tests with dependence: a note . The Manchester School , 77 : 112 – 26 .
- de Silva , S. , Hadri , K. and Tremayne , A. R. 2009 . Panel unit root tests in the presence of cross-sectional dependence: finite sample performance and an application . Econometrics Journal , 12 : 340 – 66 .
- Doğanlar , M. 2006 . Long-run validity of purchasing power parity and cointegration analysis for Central Asia countries . Applied Economics Letters , 13 : 457 – 61 .
- Hadri , K. 2000 . Testing for unit roots in heterogeneous panel data . Econometrics Journal , 3 : 148 – 61 .
- Harris , R. D. F. and Tzavalis , E. 1999 . Inference for unit root in dynamic panels where the time dimension is fixed . Journal of Econometrics , 91 : 201 – 26 .
- Im , K. S. , Pesaran , M. H. and Shin , Y. 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
- Levin , A. , Lin , C. F. and Chu , C. S. J. 2002 . Unit root tests in panel data: asymptotic and finite-sample properties . Journal of Econometrics , 108 : 1 – 24 .
- Maddala , G. and Wu , S. 1999 . A comparative study of unit root tests and a new simple test . Oxford Bulletin of Economics and Statistics , 61 : 631 – 52 .
- Moon , H. R. and Perron , B. 2004 . Testing for a unit root in panel with dynamic factors . Journal of Econometrics , 122 : 81 – 126 .
- O'Connell , P. G. J. 1998 . The overvaluation of purchasing power parity . Journal of International Economics , 44 : 1 – 19 .
- Pesaran , M. 2007 . A simple panel unit root test in the presence of cross section dependence . Journal of Applied Econometrics , 22 : 265 – 312 .
- Strauss , J. and Yigit , T. 2003 . Shortfalls of panel unit root testing . Economics Letters , 81 : 309 – 13 .
- Taylor , M. P. and Sarno , L. 1998 . The behavior of real exchange rates during the post-Bretton Woods period . Journal of International Economics , 46 : 281 – 312 .
- Taylor , A. M. and Taylor , M. P. 2005 . The purchasing power parity debate . Journal of Economic Perspectives , 18 : 135 – 58 .