Browsing by Subject "estimation method"
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(2004)We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the ...
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 ...