Liew, Venus Khim-Sen and Chia, Ricky Chee-Jiun and Ling, Tai-Hu (2010) Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries. Applied Economics Letters, 17. pp. 1073-1077. ISSN 1466–4291
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Abstract
This study finds that Purchasing Power Parity (PPP) holds in the long-run for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. Trade barriers, transportation costs and government intervention in the pricing system in these countries may have resulted in the establishment of the above-mentioned nonlinear relationship.
| Item Type: | Article |
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| Uncontrolled Keywords: | Purchasing Power Parity (PPP), unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Ab Rahim |
| Date Deposited: | 09 Oct 2017 03:24 |
| Last Modified: | 09 Oct 2017 03:24 |
| URI: | http://ir.unimas.my/id/eprint/17991 |
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