Browsing by Subject "empirical analysis"
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(2008)This article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that ...
Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate (2009)Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...