Article ID Journal Published Year Pages File Type
965861 Journal of Macroeconomics 2013 11 Pages PDF
Abstract
► We use panel unit root tests with structural breaks to examine price convergence. ► We find overwhelming evidence of price index convergence among US cities. ► Speed of convergence with structural breaks is much faster than with no such breaks. ► Bias corrections are also important for reasonable panel estimates of half-life.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Structural breaks and relative price convergence among US cities
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