Ahmad Zubaidi, Baharumshah and Liew, Khim Sen and Lau, Evan (2003) Nonlinear Mean Reversion In Real Exchange Rates: Evidence From The ASEAN-5. Munich Personal RePEc Archive. ISSN 2285-6803
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Official URL: https://econpapers.repec.org/paper/wpawuwpit/03080...
Abstract
Utilizing formal nonlinear unit root test (Sarno, The behavior of US public debt: a nonlinear perspective. Economics Letters 2001: 119 – 125), this study provides robust evidence of nonlinear mean reversion in the real exchange rates of 4 major ASEAN countries. We conclude that the bulk of the evidence based on conventional unit root tests may be biased against long run Purchasing Power Parity (PPP)
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Purchasing power parity; Real exchange rate; ASEAN; Nonlinear unit root test; STAR model, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, Postgraduate, research |
| 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: | Karen Kornalius |
| Date Deposited: | 16 Jun 2014 03:20 |
| Last Modified: | 19 Jan 2022 02:04 |
| URI: | http://ir.unimas.my/id/eprint/3226 |
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