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We examine the evidence for Purchasing Power Parity (PPP) using post-Bretton Woods exchange rate data for 20 industrialized countries. The two tests used are the covariate tests for stationarity where the null hypothesis of stationarity is tested against the unit root alternative. These tests...
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The United States used a combination of economic, political, and military means to effect change in Iraq. Most notably, the United States used a buildup of security forces, the “surge”, as an intervention to stabilize Iraq. This article uses structural change tests to determine the effect of...
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