Ardl Approach to Test the Productivity Bias Hypothesis
Ardl Approach to Test the Productivity Bias Hypothesis
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检验生产率偏差假设的 Ardl 方法
DOI：
10.1111/j.1467-9361.2004.00247.x
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
A. Nasir
中科院分区：
文献类型：
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作者：
Mohsen Bahmani�?Oskooee;A. Nasir
生产率偏差假说认为，一个生产率相对较高的国家应该经历货币的真实的升值。大多数研究在文献中已经测试了假设采用横截面数据。只有少数几项研究使用了时间序列数据，而且只对少数国家的假设进行了检验。在本文中，作者使用时间序列数据在1960年至1990年期间的44个国家的样本和一个相对较新的方法称为ARDL方法的协整检验的假设。对于大多数国家来说，有强有力的证据支持这一假设。
The productivity bias hypothesis states that a relatively more productive country should experience a real appreciation of its currency. Most studies in the literature that have tested the hypothesis have employed cross-sectional data. Only a few studies have used time-series data and they have tested the hypothesis for only a small number of countries. In this paper the authors test the hypothesis by using time-series data over the 1960-90 period for a sample of 44 countries and with a relatively new method of cointegration known as the ARDL approach. For most countries there is strong evidence supporting the hypothesis.