Panel unit root tests and real exchange rates

MacDonald, R. (1996) Panel unit root tests and real exchange rates. Economics Letters, 50(1), pp. 7-11. (doi:10.1016/0165-1765(95)00730-X)

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Abstract

Using two real exchange rate data sets, we implement a new form of unit root test. In particular, we use a panel unit root test to jointly test for a unit root in a group of OECD real exchange rates for the recent floating experience. In contrast to many other unit root tests using a similar data set, we are able to reject the null hypothesis of a unit root.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:MacDonald, Professor Ronald
Authors: MacDonald, R.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economics Letters
Publisher:Elsevier
ISSN:0165-1765
ISSN (Online):1873-7374

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