Testing the validity of purchasing power parity (PPP) in the newly industrialized countries (NICs)

• Main Author: Tan, Pei Yu
• Format: Final Year Project Report
• Language: English
• Published: Universiti Malaysia Sarawak, (UNIMAS) 2010
• Subjects: HB Economic Theory; HC Economic History and Conditions
• Online Access: http://ir.unimas.my/id/eprint/1223/8/TESTING%20THE%20VALIDITY%20OF%20PURCHASING%20POWER%20PARITY%20%28PPP%29%20IN%20THE%20NEWLY%20INDUSTRIALIZED%20COUNTRIES%20%28NICs%29%20%28full%20text%29.pdf; http://ir.unimas.my/id/eprint/1223/

This study investigates the validity of purchasing power parity (PPP) Newly Industrialized Countries (NICs) using a univeriate unit root and ARDL approach. Quarterly data of 8 NICs (South Africa, Thailand, Tukey, the Philippines, Malaysia Brazil and India) are used to test for the long run PPP relat...