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Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates

This study contributes to the existing literature by examining the validity of PPP hypothesis for Cambodia. The standard unit root tests (ADF and PP) and the panel unit root tests fail to support PPP hypothesis for the nine Cambodia’s trading partners. The unit root tests with structural break suppo...

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Main Authors: Tuck , Cheong Tang, Liew, Venus Khim−Sen
Format: Monograph
Language:English
Published: Universiti Malaysia Sarawak 2009
Subjects:
HF Commerce
HG Finance
Online Access:http://ir.unimas.my/id/eprint/225/1/Purchasing_Power_Parity_PPP.pdf
http://ir.unimas.my/id/eprint/225/
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id my.unimas.ir.225
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spelling my.unimas.ir.2252015-03-12T03:43:24Z http://ir.unimas.my/id/eprint/225/ Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates Tuck , Cheong Tang Liew, Venus Khim−Sen HF Commerce HG Finance This study contributes to the existing literature by examining the validity of PPP hypothesis for Cambodia. The standard unit root tests (ADF and PP) and the panel unit root tests fail to support PPP hypothesis for the nine Cambodia’s trading partners. The unit root tests with structural break support the PPP hypothesis for the bilateral real exchange rates of Euro, Indonesia rupiah, Malaysia ringgit, and Singapore dollar. This finding is found to be relevant for ‘de-dollarization’ strategy in Cambodia, and in responding to recent global financial crisis (2007-2008). Universiti Malaysia Sarawak 2009 Monograph NonPeerReviewed text en http://ir.unimas.my/id/eprint/225/1/Purchasing_Power_Parity_PPP.pdf Tuck , Cheong Tang and Liew, Venus Khim−Sen (2009) Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates. Other. Universiti Malaysia Sarawak.
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 HF Commerce
HG Finance
spellingShingle HF Commerce
HG Finance
Tuck , Cheong Tang
Liew, Venus Khim−Sen
Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
description This study contributes to the existing literature by examining the validity of PPP hypothesis for Cambodia. The standard unit root tests (ADF and PP) and the panel unit root tests fail to support PPP hypothesis for the nine Cambodia’s trading partners. The unit root tests with structural break support the PPP hypothesis for the bilateral real exchange rates of Euro, Indonesia rupiah, Malaysia ringgit, and Singapore dollar. This finding is found to be relevant for ‘de-dollarization’ strategy in Cambodia, and in responding to recent global financial crisis (2007-2008).
format Monograph
author Tuck , Cheong Tang
Liew, Venus Khim−Sen
author_facet Tuck , Cheong Tang
Liew, Venus Khim−Sen
author_sort Tuck , Cheong Tang
title Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
title_short Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
title_full Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
title_fullStr Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
title_full_unstemmed Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
title_sort purchasing power parity (ppp) in a transition economy - cambodia: empirical evidence from bilateral exchange rates
publisher Universiti Malaysia Sarawak
publishDate 2009
url http://ir.unimas.my/id/eprint/225/1/Purchasing_Power_Parity_PPP.pdf
http://ir.unimas.my/id/eprint/225/
_version_ 1644508576793755648
score 13.15806

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