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.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0815106-161014 |
| Date | 15 August 2006 |
| Creators | Tsai, Ya-Mei |
| Contributors | none, none, none |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0815106-161014 |
| Rights | campus_withheld, Copyright information available at source archive |
Page generated in 0.0019 seconds