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 (1). pp. 51-54. ISSN 1350-4851
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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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| Keyword: | Real Exchange-rate, Business, Economics, Asian economies |
| Subjects: | H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography > HB801-843 Consumption. Demand |
| Department: | SCHOOL > Labuan School of International Business and Finance |
| Depositing User: | ADMIN ADMIN |
| Date Deposited: | 16 Aug 2011 14:39 |
| Last Modified: | 19 Oct 2017 10:34 |
| URI: | https://eprints.ums.edu.my/id/eprint/1343 |
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