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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Main Authors: Liew, Venus Khim-Sen, Ling, Tai-Hu, Chia, Ricky Chee-Jiun
Format: E-Article
Language:English
Published: IPEDR 2011
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Online Access: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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spelling 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
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 HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Liew, Venus Khim-Sen
Ling, Tai-Hu
Chia, Ricky Chee-Jiun
Revisiting Purchasing Power Parity of Papua New Guinea
description 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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score 13.214096