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Robust Estimation in Nonlinear Regression and Limited Dependent Variable Models

Cizek, Pavel - EconWPA - 2002

sensitive to misspecification and data errors. This sensitivity is addressed by the theory of robust statistics which builds …

Persistent link: https://www.econbiz.de/10005556311

"PPP tests in cointegrated panels: Evidence from Asian developing countries".

Basher, Syed A.; Mohsin, Mohammed - EconWPA - 2003

using panel cointegration framework. We employ 'between-dimension' dynamic OLS estimator as proposed by Pedroni (2001b). The …

Persistent link: https://www.econbiz.de/10005076786

A Dynamic Equilibrium Model of Real Exchange Rates with General Transaction Costs

Goswami, Gautam; Shrikhande, Milind; Wu, Liuren - EconWPA - 2002

We study the behavior of real exchange rates in a twocountry dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...

Persistent link: https://www.econbiz.de/10005076998

Purchasing power parity: an empirical study of three EMU countries

Duarte, António Portugal - EconWPA - 2005

We apply Purchasing Power Parity (PPP) theory to the analysis of long- run equilibrium in the foreign exchange market …-1990. The empirical analysis was based on unit-root testing (using ADF tests) and Johansen’s methodology for the study of co-integration … passing of time appreciated in real terms. The fact that PPP theory was applied to two southern European countries deserves a …

Persistent link: https://www.econbiz.de/10005124909

The Sri Lankan Rupee and Purchasing Power Parity during the Current Floating Period

Wickremasinghe, Guneratne Banda - EconWPA - 2004

makers, they may be corroborated using other econometric techniques such as cointegration and error-correction models and …

Persistent link: https://www.econbiz.de/10005124911

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

Using nonlinear unit root tests developed by Kapetanios et al. (2003), we find strong evidence that the Consumer Price Index (CPI) and Wholesale Price Index (WPI) based Malaysian Ringgit – U.S. Dollar (MYR/USD) real exchange rates are nonlinear stationary, implying that MYR/USD nominal...

Persistent link: https://www.econbiz.de/10005124933

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005124941

An Alternative Test of Purchasing Power Parity

Wallace, Frederick H.; Shelley, Gary L. - EconWPA - 2005

The long-horizon approach of Fisher and Seater (1993) is applied to the data developed by Taylor (2002) to test for purchasing power parity (PPP). Even after accounting for the low power of the test, the evidence is generally supportive of PPP.

Persistent link: https://www.econbiz.de/10005125520

Restaurant Prices and the Mexican Peso

Jr, Thomas M Fullerton; Coronado, Roberto - EconWPA - 2004

International restaurant franchise price data are used to examine purchasing power parity and the behavior of the Mexican peso. Sample data are from El Paso, Texas and Ciudad Juarez, Mexico. A battery of statistical tests indicate that the price ratio and the exchange rate are statistically...

Persistent link: https://www.econbiz.de/10005125523

Milkshake Prices, International Reserves, and the Mexican Peso

Jr, Thomas M Fullerton; Torres, David - EconWPA - 2005

Menu prices from 13 international restaurant franchises that operate in both El Paso, Texas and Ciudad Juarez, Mexico are utilized to examine the behavior over time of the peso/dollar exchange rate. Parametric and non-parametric tests indicate that the price ratio alone provides a biased...

Persistent link: https://www.econbiz.de/10005125548

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