DocumentCode
2541328
Title
Is there a unit root in the inflation rate? Evidence from 29 Chinese provinces
Author
Yang, Zihui
Author_Institution
Dept. of Econ., Sun Yat-Sen Univ., Guangzhou, China
fYear
2010
fDate
16-18 April 2010
Firstpage
126
Lastpage
131
Abstract
This paper investigates the stationarity of inflation rates in 29 Chinese provinces by using a large battery of recently developed panel unit root tests. Overall, our confirmatory analysis provides overwhelming evidence to support that the inflation rates in 29 Chinese provinces are mean reverting. The results suggest that any shock to inflation rates does not have a permanent effect and aggregate demand policies may not be over-implemented.
Keywords
inflation (monetary); Chinese provinces; confirmatory analysis; inflation rate; panel unit root tests; Aggregates; Batteries; Econometrics; Educational institutions; Electric shock; Government; Macroeconomics; Moon; Sun; Testing; China; Cross-sectional dependence; Inflation; Panel unit root test; Structural breaks;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-5263-7
Electronic_ISBN
978-1-4244-5265-1
Type
conf
DOI
10.1109/ICIME.2010.5477493
Filename
5477493
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