Choi, Chi-Young; Hu, Ling; Ogaki, Masao - University of Rochester - Center for Economic Research … - 2005
industrial and developing countries;
(iv) Purchasing Power Parity for traded and non-traded goods.
Keywords: Spurious regression … technically called a spurious regression. This is because the
standard t-test tends to be spuriously significant even when the … to show that
the spurious regression phenomenon occurs with regressions involving unit-root nonstationary variables
(see …