Assessing the mean reversion behaviour of fiscal policy : the perspective of Asian countries
This study reexamines the validity of long-run purchasing power parity (PPP) hypothesis using a battery of panel unit root tests for 11 developing countries in Africa over the period 1980-2007. Based on the conventional panel unit root tests, we found evidence that the monthly real exchange rates in...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2009
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| Online Access: | http://ir.unimas.my/id/eprint/1366/ http://ir.unimas.my/id/eprint/1366/1/Assessing%2Bthe%2Bmean%2Breversion%2Bbehaviour%2Bof%2Bfiscal%2Bpolicy%2B-%2Bthe%2Bperspective%2Bof%2BAsian%2Bcountries.pdf |