Enders, Walter; Chumrusphonlert, Kamol - In: Applied Economics 36 (2004) 9, pp. 889-896
The paper uses a threshold cointegration methodology to explore the properties of long-run purchasing power parity (PPP) in the Pacific nations. Using Japan and the USA as base countries, it is shown that long-run PPP holds for most Asian countries but that the adjustment mechanism is...