Assessing the mean reversion behaviour of fiscal policy : the perspective of Asian countries

This study reexamines the validity of long-run purchasing power parity (PPP) hypothesis using a battery of panel unit root tests for 11 developing countries in Africa over the period 1980-2007. Based on the conventional panel unit root tests, we found evidence that the monthly real exchange rates in...

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Bibliographic Details
Main Authors: Evan, Lau, Ahmad Zubaidi, Baharumshah
Format: Article
Language:English
Published: Taylor & Francis Group 2009
Subjects:
Online Access:http://ir.unimas.my/id/eprint/1366/1/Assessing%2Bthe%2Bmean%2Breversion%2Bbehaviour%2Bof%2Bfiscal%2Bpolicy%2B-%2Bthe%2Bperspective%2Bof%2BAsian%2Bcountries.pdf
http://ir.unimas.my/id/eprint/1366/
https://www.tandfonline.com/doi/full/10.1080/00036840601131755
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