Bahmani-Oskooee, Mohsen; Tsangyao Chang* - In: Journal of Developing Areas 49 (2015) 1, pp. 177-186
This study applies the threshold autoregressive (TAR) method proposed by Caner and Hansen (2001) to test the validity of long-run purchasing power parity (PPP) in 14 transition countries, using monthly real effective exchange rates over the period January 1994- June 2012. The empirical results...