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An Empirical Research of PPP: A Case for Asia Pacific Countries

There has been significant interest in the empirical performance of the Purchasing Power Parity (PPP) hypothesis. Initial studies were, in general, unfavorable for PPP. Recent research has found that trend-break unit root test derived form linear models do not support the hypothesis of long-run PPP for real exchange rates. In this paper, we propose unit root tests that use STR models and minimum LM unit root tests that endogenously determine structural breaks to investigate long-run PPP in real exchange rates for Asia Pacific countries.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0815106-161014
Date15 August 2006
CreatorsTsai, Ya-Mei
Contributorsnone, none, none
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0815106-161014
Rightscampus_withheld, Copyright information available at source archive

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