Revisiting Purchasing Power Parity of Papua New Guinea
Studies on long-run Purchasing Power Parity (PPP) for Papua New Guinea (PNG), one of the least developed countries in the world, is limited. Unlike the two existing studies, which consistently show no support for PPP, this note uncovers evidence of PPP for Papua New...
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my.unimas.ir.97282015-11-13T07:42:54Z http://ir.unimas.my/id/eprint/9728/ Revisiting Purchasing Power Parity of Papua New Guinea Liew, Venus Khim-Sen Ling, Tai-Hu Chia, Ricky Chee-Jiun HC Economic History and Conditions Studies on long-run Purchasing Power Parity (PPP) for Papua New Guinea (PNG), one of the least developed countries in the world, is limited. Unlike the two existing studies, which consistently show no support for PPP, this note uncovers evidence of PPP for Papua New Guinea (PNG). Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. This PPP in nonlinear dynamic fails to be detected in previous studies that did not include nonlinear analysis. Frictions in international trade could be behind the establishment of the above-mentioned nonlinear relationship. IPEDR 2011 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/9728/1/Revisiting%20Purchasing%20Power%20Parity%20of%20Papua%20New%20Guinea%28abstract%29.pdf Liew, Venus Khim-Sen and Ling, Tai-Hu and Chia, Ricky Chee-Jiun (2011) Revisiting Purchasing Power Parity of Papua New Guinea. International Proceedings of Economics Development and Research, 2. ISSN 2010-4626 http://www.ipedr.com/ DOI: 10.7763/IPEDR |
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HC Economic History and Conditions Liew, Venus Khim-Sen Ling, Tai-Hu Chia, Ricky Chee-Jiun Revisiting Purchasing Power Parity of Papua New Guinea |
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Studies on long-run Purchasing Power Parity (PPP) for Papua New Guinea (PNG), one of the least developed countries in the world, is limited. Unlike the two existing studies, which consistently show no support for PPP, this note uncovers evidence of PPP for Papua New Guinea (PNG). Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. This PPP in nonlinear dynamic fails to be detected in previous studies that did not include nonlinear analysis. Frictions in international trade could be behind the establishment of the above-mentioned nonlinear relationship. |
format |
E-Article |
author |
Liew, Venus Khim-Sen Ling, Tai-Hu Chia, Ricky Chee-Jiun |
author_facet |
Liew, Venus Khim-Sen Ling, Tai-Hu Chia, Ricky Chee-Jiun |
author_sort |
Liew, Venus Khim-Sen |
title |
Revisiting Purchasing Power Parity of Papua New Guinea |
title_short |
Revisiting Purchasing Power Parity of Papua New Guinea |
title_full |
Revisiting Purchasing Power Parity of Papua New Guinea |
title_fullStr |
Revisiting Purchasing Power Parity of Papua New Guinea |
title_full_unstemmed |
Revisiting Purchasing Power Parity of Papua New Guinea |
title_sort |
revisiting purchasing power parity of papua new guinea |
publisher |
IPEDR |
publishDate |
2011 |
url |
http://ir.unimas.my/id/eprint/9728/1/Revisiting%20Purchasing%20Power%20Parity%20of%20Papua%20New%20Guinea%28abstract%29.pdf http://ir.unimas.my/id/eprint/9728/ http://www.ipedr.com/ |
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13.214096 |