Purchasing power parity in Asian economies: further evidence from rank tests for cointegration

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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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Bibliographic Details
Main Authors:	Liew, Venus Khim-Sen, Lee, Hock-Ann, Lim, Kian-Ping
Format:	Article
Language:	English
Published:	Taylor & Francis Group 2009
Subjects:	HB Economic Theory
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

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