Chang, Tsangyao; Lu, Yang-Cheng; Tang, D. P.; Liu, Wen-Chi - In: Applied Economics 43 (2011) 2, pp. 231-242
This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run Purchasing Power Parity (PPP) in 22 selected African countries during the period of January 1980 to December 2003. Although there is evidence of...