Purchasing power parity in transition countries: Panel stationary test with smooth and sharp breaks

This study examines whether the long-run purchasing power parity (PPP) holds in transition economies (Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania and Russia) using monthly data over the 1995 - 2011 period. We apply a recently introduced panel stationary test, which accounts for sharp breaks and smooth shifts. The results indicate that the PPP holds only in two countries (i.e., Lithuania and Poland).

MoreLess

Year of publication:	2015
Authors:	Bahmani-Oskooee, Mohsen ; Chang, Tsangyao ; Wu, Tsung-Pao
Published in:	International Journal of Financial Studies. - Basel : MDPI, ISSN 2227-7072. - Vol. 3.2015, 2, p. 153-161
Publisher:	Basel : MDPI
Subject:	purchasing power parity \| transition countries \| panel stationary test \| sharp breaks and smooth breaks \| Fourier function

freely available

Full text |

More access options

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3390/ijfs3020153 [DOI] 833380907 [GVK] hdl:10419/167780 [Handle]
Classification:	C22 - Time-Series Models ; F31 - Foreign Exchange
Source:	EconStor

Persistent link: https://www.econbiz.de/10011708979