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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: Liew, Venus Khim-Sen, Chia, Ricky Chee-Jiun, Ling, Tai-Hu
Format: E-Article
Language:English
Published: Routledge 2010
Subjects:
H Social Sciences (General)
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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spelling my.unimas.ir.179912017-10-09T03:24:23Z http://ir.unimas.my/id/eprint/17991/ Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries Liew, Venus Khim-Sen Chia, Ricky Chee-Jiun Ling, Tai-Hu H Social Sciences (General) 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. Trade barriers, transportation costs and government intervention in the pricing system in these countries may have resulted in the establishment of the above-mentioned nonlinear relationship. Routledge 2010 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/17991/7/Long-run%20validity%20of%20purchasing%20power%20parity%20%28abstract%29.pdf Liew, Venus Khim-Sen and Chia, Ricky Chee-Jiun and Ling, Tai-Hu (2010) Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries. Applied Economics Letters, 17. pp. 1073-1077. ISSN 1466–4291 http://www.tandfonline.com/doi/full/10.1080/00036840902762704 DOI: 10.1080/00036840902762704
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Liew, Venus Khim-Sen
Chia, Ricky Chee-Jiun
Ling, Tai-Hu
Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
description 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. Trade barriers, transportation costs and government intervention in the pricing system in these countries may have resulted in the establishment of the above-mentioned nonlinear relationship.
format E-Article
author Liew, Venus Khim-Sen
Chia, Ricky Chee-Jiun
Ling, Tai-Hu
author_facet Liew, Venus Khim-Sen
Chia, Ricky Chee-Jiun
Ling, Tai-Hu
author_sort Liew, Venus Khim-Sen
title Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
title_short Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
title_full Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
title_fullStr Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
title_full_unstemmed Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
title_sort long-run validity of purchasing power parity and rank tests for cointegration for central asian countries
publisher Routledge
publishDate 2010
url 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
_version_ 1644512754382405632
score 13.214269

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