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

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...

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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
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spelling my.upm.eprints.87562015-10-26T03:55:58Z http://psasir.upm.edu.my/id/eprint/8756/ Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration Mohamed, Azali Habibullah, Muzafar Shah Baharumshah, Ahmad Zubaidi 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 term support the hypothesis of cointegration between the bilateral exchange rates and relative prices against the selected foreign country — Japan. Elsevier 2001-01-01 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/8756/1/Does%20PPP%20hold%20between%20Asian%20and%20Japanese%20economies.pdf Mohamed, Azali and Habibullah, Muzafar Shah and Baharumshah, Ahmad Zubaidi (2001) Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration. Japan and the World Economy, 13 (1). pp. 35-50. ISSN 0922-1425 http://dx.doi.org/10.1016/S0922-1425(00)00055-4 10.1016/S0922-1425(00)00055-4 English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description 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 term support the hypothesis of cointegration between the bilateral exchange rates and relative prices against the selected foreign country — Japan.
format Article
author Mohamed, Azali
Habibullah, Muzafar Shah
Baharumshah, Ahmad Zubaidi
spellingShingle Mohamed, Azali
Habibullah, Muzafar Shah
Baharumshah, Ahmad Zubaidi
Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
author_facet Mohamed, Azali
Habibullah, Muzafar Shah
Baharumshah, Ahmad Zubaidi
author_sort Mohamed, Azali
title Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
title_short Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
title_full Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
title_fullStr Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
title_full_unstemmed Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration
title_sort does ppp hold between asian and japanese economies? evidence using panel unit root and panel cointegration
publisher Elsevier
publishDate 2001
url 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
_version_ 1643824111553609728
score 13.19449

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