Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
The finding of nonlinear cointegration between Asian exchange rates with the corresponding relative prices and aggregate price levels based on Breitung’s (2001) nonparametric rank tests reinforces previous validations of purchasing power parity (PPP) by the parametric testing procedures. Hence, the...
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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/18656/ http://ir.unimas.my/id/eprint/18656/8/Purchasing%20power%20parity%20in%20Asian%20economies%20%28abstract%29.pdf |
| _version_ | 1848838559478317056 |
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| author | Liew, Venus Khim-Sen Lee, Hock-Ann Lim, Kian-Ping |
| author_facet | Liew, Venus Khim-Sen Lee, Hock-Ann Lim, Kian-Ping |
| author_sort | Liew, Venus Khim-Sen |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The finding of nonlinear cointegration between Asian exchange rates with the corresponding relative prices and aggregate price levels based on Breitung’s (2001) nonparametric rank tests reinforces previous validations of purchasing power parity (PPP) by the parametric testing procedures. Hence, the long-run Asian exchange rates are in equilibrium with the relevant fundamentals as suggested by the PPP hypothesis. |
| first_indexed | 2025-11-15T06:57:29Z |
| format | Article |
| id | unimas-18656 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:29Z |
| publishDate | 2009 |
| publisher | Taylor & Francis Group |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186562017-11-20T07:44:07Z http://ir.unimas.my/id/eprint/18656/ Purchasing power parity in Asian economies: further evidence from rank tests for cointegration Liew, Venus Khim-Sen Lee, Hock-Ann Lim, Kian-Ping HB Economic Theory The finding of nonlinear cointegration between Asian exchange rates with the corresponding relative prices and aggregate price levels based on Breitung’s (2001) nonparametric rank tests reinforces previous validations of purchasing power parity (PPP) by the parametric testing procedures. Hence, the long-run Asian exchange rates are in equilibrium with the relevant fundamentals as suggested by the PPP hypothesis. Taylor & Francis Group 2009 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18656/8/Purchasing%20power%20parity%20in%20Asian%20economies%20%28abstract%29.pdf Liew, Venus Khim-Sen and Lee, Hock-Ann and Lim, Kian-Ping (2009) Purchasing power parity in Asian economies: further evidence from rank tests for cointegration. Applied Economics Letters, 16. pp. 51-54. ISSN 1350–4851 http://dx.doi.org/10.1080/13504850601032057 DOI: 10.1080/13504850601032057 |
| spellingShingle | HB Economic Theory Liew, Venus Khim-Sen Lee, Hock-Ann Lim, Kian-Ping Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title | Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title_full | Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title_fullStr | Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title_full_unstemmed | Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title_short | Purchasing power parity in Asian economies: further evidence from rank tests for cointegration |
| title_sort | purchasing power parity in asian economies: further evidence from rank tests for cointegration |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18656/ http://ir.unimas.my/id/eprint/18656/ http://ir.unimas.my/id/eprint/18656/ http://ir.unimas.my/id/eprint/18656/8/Purchasing%20power%20parity%20in%20Asian%20economies%20%28abstract%29.pdf |