Is Purchasing Power Parity Overvalued

By Jyh‐Lin Wu, Shaowen Wu. 2001

127 citations recorded by the source corpus.

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Panel unit root tests under cross‐sectional dependence (2005, unknown): “As demonstrated by O’CONNELL (1998) and WU and WU (2001), an important problem with many early studies is the cross-country correlation that leads to an over-rejection of the unit root hypothesis.”
Purchasing power parity and country characteristics: Evidence from panel data tests (2007, background): “Examples of this work include Higgins and Zakrajšek (2000), Wu and Wu (2001) and Papell (2005).”
Panel LM Unit-root Tests with Level Shifts (2005, unknown): “Recent developments in panel unit-root tests have brought the possibility of a more powerful test (for instance, see Wu and Wu, 2001 and Choi, 2001).”
Testing for Unit Roots in Small Panels with Short-run and Long-run Cross-sectional Dependencies (2009, background): “See Chang (2002) and Wu and Wu (2001) for some recent examples.”
A Parametric approach to the Estimation of Cointegration Vectors in Panel Data (2002, methodology): “Thus, to allows for arbitrary contemporaneous correlation among the errors, recent work employs simulation techniques to mimic the cross-correlation pattern among the errors (eg, Chang, 2004 ; Wu and Wu, 2001 ).”