Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
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...
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| Main Authors: | , , |
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| Format: | E-Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18656/8/Purchasing%20power%20parity%20in%20Asian%20economies%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/18656/ http://dx.doi.org/10.1080/13504850601032057 |
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