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This article addresses unit root testing on regulated series through the variance ratio (VR) statistic of Nielsen (2009). The asymptotic distribution of the regulated VR statistic is developed with and without OLS detrending. Results of Cavaliere and Xu (2011) are extended by also developing the...
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THEORETICAL FRAMEWORK UNDERLYING THE APPROACH TO ECONOMIC HISTORY IN THE STUDY -- THE QUANTITY THEORY OF MONEY: A RESTATEMENT …
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