Revisiting Purchasing Power Parity for Central Asian Countries Using Threshold Cointegration Tests

Lau, Evan and Liew, Venus Khim-Sen and Puah, Chin-Hong and Choong, Chee-Keong (2010) Revisiting Purchasing Power Parity for Central Asian Countries Using Threshold Cointegration Tests. Economics Bulletin, 30 (2). 1283 -1292. ISSN 1545-2921

[img]
Preview
PDF
Revisiting Purchasing Power.pdf

Download (242kB) | Preview

Abstract

This study finds evidence supportive of the Purchasing Power Parity for Azerbaijan and Kazakhstan using threshold cointegration tests. This finding suggests the existence of an asymmetry relationship between exchange rate and relative prices. The asymmetric relationship may be due to the heavily regulated price and exchange rate systems in these transition economies for the benefits of trade competiveness.

Item Type: Article
Uncontrolled Keywords: Purchasing Power Parity, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 05 May 2015 08:51
Last Modified: 14 Apr 2016 00:58
URI: http://ir.unimas.my/id/eprint/7307

Actions (For repository members only: login required)

View Item View Item