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A Cautionary Note on the Order of Integration of Post-War Aggregate Wage, Price and Productivity Measures

Sollis, Robert; Wohar, Mark E. - 2004

We investigate the order of integration of aggregate wage, price and productivity measures for the USA. Our investigation differs from previous studies as we employ recently developed tests that allow, under the alternative hypothesis, for structural change between periods in which the data are...

Persistent link: https://www.econbiz.de/10014072914