Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration

• Main Authors: Mohamed, Azali, Habibullah, Muzafar Shah, Baharumshah, Ahmad Zubaidi
• Format: Article
• Language: English; English
• Published: Elsevier 2001
• Online Access: http://psasir.upm.edu.my/id/eprint/8756/1/Does%20PPP%20hold%20between%20Asian%20and%20Japanese%20economies.pdf; http://psasir.upm.edu.my/id/eprint/8756/; http://dx.doi.org/10.1016/S0922-1425(00)00055-4

This paper presents an empirical analysis of panel unit root and panel cointegration tests of long-run absolute purchasing power parity (PPP) for seven Asian developing economies (ADE). The evidence shows that the panel parametric and non-parametric tests either with a trend term or without a trend...