Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
This study finds that Purchasing Power Parity (PPP) holds in the long-run for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. Trad...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Routledge
2010
|
| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17991/ http://ir.unimas.my/id/eprint/17991/7/Long-run%20validity%20of%20purchasing%20power%20parity%20%28abstract%29.pdf |
| _version_ | 1848838412228886528 |
|---|---|
| author | Liew, Venus Khim-Sen Chia, Ricky Chee-Jiun Ling, Tai-Hu |
| author_facet | Liew, Venus Khim-Sen Chia, Ricky Chee-Jiun Ling, Tai-Hu |
| author_sort | Liew, Venus Khim-Sen |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This study finds that Purchasing Power Parity (PPP) holds in the long-run
for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001)
rank tests for cointegration. Results from further analysis indicates that
nominal exchange rates and relative prices are nonlinearly interrelated.
Trade barriers, transportation costs and government intervention in the
pricing system in these countries may have resulted in the establishment of
the above-mentioned nonlinear relationship. |
| first_indexed | 2025-11-15T06:55:08Z |
| format | Article |
| id | unimas-17991 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:55:08Z |
| publishDate | 2010 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-179912017-10-09T03:24:23Z http://ir.unimas.my/id/eprint/17991/ Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries Liew, Venus Khim-Sen Chia, Ricky Chee-Jiun Ling, Tai-Hu H Social Sciences (General) This study finds that Purchasing Power Parity (PPP) holds in the long-run for Azerbaijan, Kazakhstan and Kyrgyzstan, based on Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and relative prices are nonlinearly interrelated. Trade barriers, transportation costs and government intervention in the pricing system in these countries may have resulted in the establishment of the above-mentioned nonlinear relationship. Routledge 2010 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17991/7/Long-run%20validity%20of%20purchasing%20power%20parity%20%28abstract%29.pdf Liew, Venus Khim-Sen and Chia, Ricky Chee-Jiun and Ling, Tai-Hu (2010) Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries. Applied Economics Letters, 17. pp. 1073-1077. ISSN 1466–4291 http://www.tandfonline.com/doi/full/10.1080/00036840902762704 DOI: 10.1080/00036840902762704 |
| spellingShingle | H Social Sciences (General) Liew, Venus Khim-Sen Chia, Ricky Chee-Jiun Ling, Tai-Hu Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title | Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title_full | Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title_fullStr | Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title_full_unstemmed | Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title_short | Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries |
| title_sort | long-run validity of purchasing power parity and rank tests for cointegration for central asian countries |
| topic | H Social Sciences (General) |
| url | http://ir.unimas.my/id/eprint/17991/ http://ir.unimas.my/id/eprint/17991/ http://ir.unimas.my/id/eprint/17991/ http://ir.unimas.my/id/eprint/17991/7/Long-run%20validity%20of%20purchasing%20power%20parity%20%28abstract%29.pdf |