期刊論文

標題 Price level convergence across cities? Evidence from panel unit root tests
學年 98
學期 2
出版(發表)日期 2010/07/01
作品名稱 Price level convergence across cities? Evidence from panel unit root tests
作品名稱(其他語言)
著者 Huang, Ho-Chuan; Lin, Pei-Chien; Yeh, Chih-Chuan
單位 淡江大學財務金融學系; 淡江大學產業經濟學系
出版者 London: Chapman & Hall
著錄名稱、卷期、頁數 Applied Economics Letters 18(1), pp.87-93
摘要 This article empirically tests for convergence in Consumer Price Indices (CPIs) across 17 major cities in the United States over the period 1918 to 2008. Although the conventional panel unit root tests generally fail to reject the null hypothesis of nonstationarity, the panel LM tests of Im et al. (2005), by taking the presence of structural breaks into account, find overwhelming evidence in support of the hypothesis of price convergence The main finding is confirmed even when we consider both the structural changes and the cross-sectional dependence by using the recent advanced panel unit root approach of Bai and Carrion-i-Silvestre (2009).
關鍵字
語言 英文
ISSN 1350-4851; 1466-4291
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Yeh, Chih-chuan
審稿制度
國別 英國
公開徵稿
出版型式 紙本;電子版