Revisiting the test of purchasing power parity and structural breaks of East Asian countries

• Main Authors: Yahya, Mohamed Hisham, Amin Noordin, Bany Ariffin, Abdul Hadi, Abdul Razak
• Format: Article
• Language: English
• Published: Faculty of Economics and Management, Universiti Putra Malaysia 2011
• Online Access: http://psasir.upm.edu.my/id/eprint/39487/1/39487.pdf; http://psasir.upm.edu.my/id/eprint/39487/; http://econ.upm.edu.my/ijem/vol5_no2.htm

This paper re-examines the long-run purchasing power parity (PPP) relationship for five Asian countries’ (Malaysia, Singapore, Indonesia, South Korea and Thailand) relative to US dollars during a period with structural breaks. The result indicates the evidence of PPP for all the countries with relat...