Purchasing power parity with nonlinear and asymmetric smooth adjustment for the Middle Eastern countries

This empirical note uses a simple and powerful nonlinear unit root test proposed by Sollis (2009) to test the validity of Purchasing Power Parity (PPP) for Middle Eastern countries. Empirical test results indicate that PPP is valid for most of these Middle Eastern countries, with the exception of Bahrain. These results have important policy implications for the Middle Eastern countries under study.

MoreLess

Year of publication:	2012
Authors:	Chang, Tsangyao ; Liu, Yu-Shao ; Su, Chi-Wei
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 19.2012, 5, p. 487-491
Publisher:	Taylor & Francis Journals

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010548672