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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Monash University Bussiness anf Economics
2009
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Online Access: | http://ir.unimas.my/id/eprint/3229/1/Purchasing%2BPower%2BParity%2B%2528PPP%2529%2Bin%2Ba%2BTransition%2BEconomy%2B-%2BCambodia%2B%2528abstract%2529.pdf http://ir.unimas.my/id/eprint/3229/ |
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my.unimas.ir.32292020-09-02T02:35:13Z http://ir.unimas.my/id/eprint/3229/ Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates Tuck, Cheong Tang Liew, Venus Khim-Sen H Social Sciences (General) HB Economic Theory 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). Monash University Bussiness anf Economics 2009 Working Paper NonPeerReviewed text en http://ir.unimas.my/id/eprint/3229/1/Purchasing%2BPower%2BParity%2B%2528PPP%2529%2Bin%2Ba%2BTransition%2BEconomy%2B-%2BCambodia%2B%2528abstract%2529.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. [Working Paper] |
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H Social Sciences (General) HB Economic Theory Tuck, Cheong Tang Liew, Venus Khim-Sen Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates |
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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 |
Working Paper |
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 |
Monash University Bussiness anf Economics |
publishDate |
2009 |
url |
http://ir.unimas.my/id/eprint/3229/1/Purchasing%2BPower%2BParity%2B%2528PPP%2529%2Bin%2Ba%2BTransition%2BEconomy%2B-%2BCambodia%2B%2528abstract%2529.pdf http://ir.unimas.my/id/eprint/3229/ |
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13.164666 |