Liew, Venus Khim-Sen and Lee, Hock-Ann and Lim, Kian-Ping (2009) Purchasing power parity in Asian economies: further evidence from rank tests for cointegration. Applied Economics Letters, 16. pp. 51-54. ISSN 1350–4851
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Official URL: http://dx.doi.org/10.1080/13504850601032057
Abstract
The finding of nonlinear cointegration between Asian exchange rates with the corresponding relative prices and aggregate price levels based on Breitung’s (2001) nonparametric rank tests reinforces previous validations of purchasing power parity (PPP) by the parametric testing procedures. Hence, the long-run Asian exchange rates are in equilibrium with the relevant fundamentals as suggested by the PPP hypothesis.
| Item Type: | Article |
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| Uncontrolled Keywords: | Asian economies, Purchasing power parity (PPP), unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak |
| Subjects: | H Social Sciences > HB Economic Theory |
| 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: | 20 Nov 2017 07:44 |
| Last Modified: | 20 Nov 2017 07:44 |
| URI: | http://ir.unimas.my/id/eprint/18656 |
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