The Validity of PPP Revisited: An Application of Non-linear Unit Root Test
To this end, the validity of purchasing power parity (PPP) remains a controversial issue, as empirical evidence is inconclusive. This study provides robust empirical evidence to support the view that negligence of non-linearity may be the culprit of these contrasting findings. This paper demonstrate...
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| Format: | Article |
| Language: | English |
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Munich University Library
2003
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| Online Access: | http://ir.unimas.my/id/eprint/18599/ http://ir.unimas.my/id/eprint/18599/7/The%20Validity%20of%20PPP%20Revisited%20%28abstract%29.pdf |