New Evidence of the Real Interest Rate Parity for OECD Countries Using Panel Unit Root Tests with Breaks

Purchasing Power Parity Hypothesis In OIC Countries: Evidence From Panel Unit Root Tests With Heterogeneous Structural Breaks

purchasing power parity hypothesis in oic countries: evidence from panel unit root tests with heterogeneous structural breaks

which countries' income gap is about decrease? new evidences from panel unit root tests with multiple endogenous structural breaks

in this paper, we analyze the dynamics of income gap between 138 countries with usa by using time series model of convergence hypothesis and various panel unit root tests over period 1950-2008. all panel unit root tests don’t reject the null hypothesis of unit root. univariate unit root tests results show that gdp per capita of south korea, switzerland, austria, lesoto and hungry catch up with ...

Mean Reversion in Stock Prices: New Evidence from Panel Unit Root Tests for Seventeen European Countries

There is a large and growing literature that investigates evidence for mean reversion in stock prices. Empirically, there is no consensus as to whether stock prices are mean reverting or random walk processes; at best, the results are mixed. In this paper, we provide further evidence on the mean reversion hypothesis for seventeen European countries using the Levin and Lin (1992), seemingly unre...

Stationarity of health expenditures and GDP: evidence from panel unit root tests with heterogeneous structural breaks.

This paper re-examines the stationarity of national health care expenditures and GDP in a panel setting utilizing data from 20 OECD countries over the period from 1960 to 1997. Previous research in this area has recognized the drawback of not allowing for structural breaks in their unit root tests and noted that their empirical results may not be robust. We advance the literature by utilizing a...