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Table 1 Panel Unit Root Test Results Using Pesaran (2007)

From: The ASEAN experience of the purchasing power parity theory

Variables Level
Without Trend With Trend
dlnS it −5.133a −4.107a
\( d\ln \left(\frac{P_t^{A_i}}{P_t^{US}}\right) \) −4.767a −3.691a
  1. Note: a indicates 1% significance level