Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
This study finds that Purchasing Power Parity (PPP) holds in the long-run for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. Trad...
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| Main Authors: | , , |
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| Format: | E-Article |
| Language: | English |
| Published: |
Routledge
2010
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17991/7/Long-run%20validity%20of%20purchasing%20power%20parity%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/17991/ http://www.tandfonline.com/doi/full/10.1080/00036840902762704 |
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