Panel unit root tests of real exchange rates as opposed to univariate tests usually reject non-stationarity. These … correlation matrix affect the size of first and second generation panel unit root tests. Two components of the real exchange rate …, the real exchange rate of a single good and a weighted sum of relative prices, are constructed from the data for a panel …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the …This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …

Vielzahl von Ansätzen kann nur in zwei Fällen Kointegration der beteiligten Variablen angenommen werden. In diesen Fällen wird …Using two different methods of cointegration analysis. This paper examines the relevance of longrun purchasing power … parity (PPP) for the DM/Peseta exchange rate. Evidence of cointegration for the time series in quest ion can only be found in …