Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries

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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...

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Bibliographic Details
Main Authors:	Liew, Venus Khim-Sen, Chia, Ricky Chee-Jiun, Ling, Tai-Hu
Format:	Article
Language:	English
Published:	Routledge 2010
Subjects:	H Social Sciences (General)
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

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