Lee, Shu-kam; Woo, Kai-yin; Yeung, Raymond W. M. - In: Chinese Economy 44 (2011) 3, pp. 71-83
This article adopts a time-varying parameter model to investigate whether the economic downturn has affected convergence of the consumer price index. The dynamic patterns of the intranational purchasing-power parity coefficients in mainland China before and after the financial tsunami are found...