Chang, Tsangyao; Lee, Kuei-Chiu; Lu, Yang-Cheng Ralph; … - In: Applied Economics Letters 18 (2011) 18, pp. 1795-1800
This study applies the nonparametric rank test for cointegration, proposed by Breitung (2001), to test the validity of long-run Purchasing Power Parity (PPP) for G-7 countries over the period of January 1980 to January 2009. The empirical results indicate that PPP holds true for all G-7...