Purchasing power parity in Asian economies: further evidence from rank tests for cointegration

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
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
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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