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    • Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures 

      Pesaran, M. Hashem; Smith, Ron P.; Yamagata, Takashi; Hvozdyk, Lyudmyla (Faculty of Economics, University of Cambridge, UK, 2006)
      In this paper we adopt a new approach to testing for purchasing power parity, PPP, that is robust to base country effects, cross-section dependence, and aggregation. We test for PPP applying a pairwise approach to the ...