This study examines whether the long-run purchasing power parity (PPP) holds in transition economies (Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania and Russia) using monthly data over the 1995 - 2011 period. We apply a recently introduced panel stationary test, which...

The biotechnology industry is one of the six emerging industries in Taiwan. Taking listed on the Taiwan Stock Exchange (TSE) companies and over-the-counter (OTC) companies which form part of the biotechnology healthcare industry in Taiwan during the period 1996-2008 as the research object, this...

While previous studies focus on linear unit root test to study the convergence of carbon price in some developed countries and the results might be biased due to the lower power of these linear unit root tests. China provides an interesting arena to investigate its carbon price convergence due...