Revisiting the test of purchasing power parity and structural breaks of East Asian countries
This paper re-examines the long-run purchasing power parity (PPP) relationship for five Asian countries’ (Malaysia, Singapore, Indonesia, South Korea and Thailand) relative to US dollars during a period with structural breaks. The result indicates the evidence of PPP for all the countries with relat...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/39487/ http://psasir.upm.edu.my/id/eprint/39487/1/39487.pdf |