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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: Liew, Venus Khim-Sen, Lee, Hock-Ann, Lim, Kian-Ping
Format: E-Article
Language:English
Published: Taylor & Francis Group 2009
Subjects:
HB Economic Theory
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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spelling my.unimas.ir.186562017-11-20T07:44:07Z http://ir.unimas.my/id/eprint/18656/ Purchasing power parity in Asian economies: further evidence from rank tests for cointegration Liew, Venus Khim-Sen Lee, Hock-Ann Lim, Kian-Ping HB Economic Theory 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 long-run Asian exchange rates are in equilibrium with the relevant fundamentals as suggested by the PPP hypothesis. Taylor & Francis Group 2009 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/18656/8/Purchasing%20power%20parity%20in%20Asian%20economies%20%28abstract%29.pdf Liew, Venus Khim-Sen and Lee, Hock-Ann and Lim, Kian-Ping (2009) Purchasing power parity in Asian economies: further evidence from rank tests for cointegration. Applied Economics Letters, 16. pp. 51-54. ISSN 1350–4851 http://dx.doi.org/10.1080/13504850601032057 DOI: 10.1080/13504850601032057
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 HB Economic Theory
spellingShingle HB Economic Theory
Liew, Venus Khim-Sen
Lee, Hock-Ann
Lim, Kian-Ping
Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
description 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 long-run Asian exchange rates are in equilibrium with the relevant fundamentals as suggested by the PPP hypothesis.
format E-Article
author Liew, Venus Khim-Sen
Lee, Hock-Ann
Lim, Kian-Ping
author_facet Liew, Venus Khim-Sen
Lee, Hock-Ann
Lim, Kian-Ping
author_sort Liew, Venus Khim-Sen
title Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
title_short Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
title_full Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
title_fullStr Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
title_full_unstemmed Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
title_sort purchasing power parity in asian economies: further evidence from rank tests for cointegration
publisher Taylor & Francis Group
publishDate 2009
url 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
_version_ 1644512904149467136
score 13.154949

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