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Empirical testing of Balassa-Samuelson hypothesis with German and UK data
Josheski, Dushko; Koteski, Cane; Lazarov, Darko - Volkswirtschaftliche Fakultät, … - 2011
directly via the effect of productivity, one possible explanation is that PER Capita GDP is not good explanation for … productivity (.i.e. Labor productivity) differences; an increase (decrease) in relative efficiency of the distribution sector with … achieved. Model implies German Labor productivity to UK Labor productivity ratio doesn’t have significant influence on …
Persistent link: https://www.econbiz.de/10009325645
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Comparative Analysis of Transport and Communications Korea and Australia
Lee, Boon; Shepherd, William - Volkswirtschaftliche Fakultät, … - 2002
This paper examines the output and productivity performance of the Transport and Communication sector in South Korea … appropriate currency converters or purchasing power parities (PPPs) to enable quantification of output and productivity at various … Output and Productivity (ICOP) project based at the University of Groningen. …
Persistent link: https://www.econbiz.de/10008502750
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The Changing Dynamics of the East Asian Real Exchange Rates after the Financial Crisis: Further Evidence on Mean Reversion
Baharumshah, Ahmad Zubaidi; Chan, Tze-Haw; Aggarwal, Raj - Volkswirtschaftliche Fakultät, … - 2006
Using an improved statistical methodology including tests designed for heterogeneous panels, this paper tests for mean reversion in monthly US Dollar based real exchange rates for nine East Asian countries, including those that were severely affected by the 1997 Asian financial crises. The...
Persistent link: https://www.econbiz.de/10005835520
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Can the Law of One Price be tested?
Philip, Kostov - Volkswirtschaftliche Fakultät, … - 2006
A simple stylised model, that incorporates transaction costs, is developed. The Law of One Price (LOP) is assumed to hold with regard to a reference market that is not taken into account in the empirical testing of the Law. It is shown that under these assumptions the empirical tests of the LOP...
Persistent link: https://www.econbiz.de/10005835632
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Testing for PPP in the Mean-Group Panel Regression Framework: Further Evidence
Noman, Abdullah - Volkswirtschaftliche Fakultät, … - 2008
The paper investigates the validity of PPP by using 15 OECD countries data of monthly frequency from 1980:01 to 2005:12 and tests for the symmetry and proportionality hypotheses. The test for PPP is conducted in the framework of the General Relative PPP (RPPP) as proposed by Coakley et al....
Persistent link: https://www.econbiz.de/10005836999
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Deviation from Purchasing Power Parity: Evidence from Malaysia, 1973–1997
Goh, Soo Khoon; Mithani, Dawood - Volkswirtschaftliche Fakultät, … - 2000
This paper presents an empirical test of Purchasing Power Parity (PPP) applied to the Malaysia ringgit for the period from 1973 (CPI) and 1984 (WPI) to 1997. Consistent with other research findings, it is detected that real exchange rate follows a random walk. Using multivariate cointegration...
Persistent link: https://www.econbiz.de/10011259598
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Panel unit root tests of purchasing power parity hypothesis: Evidence from Turkey
Gozgor, Giray - Volkswirtschaftliche Fakultät, … - 2011
In this paper, we employ some front page panel unit root tests to examine the validity of the purchasing power parity hypothesis in Turkey. Using monthly observations panel data of nine major county’s currency dates January 2003 through April 2010, we find that panel unit root tests are not...
Persistent link: https://www.econbiz.de/10009353532
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Re-examination of the long-run purchasing power parity: further evidence from Turkey
Korap, Levent; Aslan, Özgür - Volkswirtschaftliche Fakultät, … - 2010
In this article, we re-examine the empirical validity of the Purchasing Power Parity (PPP) theory for the Turkish economy. For this purpose, an empirical model is constructed using some contemporaneous estimation techniques such as multivariate co-integration and vector error correction...
Persistent link: https://www.econbiz.de/10008685040
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VECM estimations of the PPP reversion rate revisited: the conventional role of relative price adjustment restored
Kim, Hyeongwoo - Volkswirtschaftliche Fakultät, … - 2011
Cheung et al. (2004) use a vector error correction model (VECM) for the current float nominal exchange rate and the relative price data and claim that the sluggish Purchasing Power Parity (PPP) reversion is primarily driven by the nominal exchange rate, not by relative price adjustment, which is...
Persistent link: https://www.econbiz.de/10009277277
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Bilateral and multilateral exchange rate and purchasing power parity indexes: the aggregation problem
Galy, Michel - Volkswirtschaftliche Fakultät, … - 1982
Following the high variability of floating exchange rates after the collapse of the Bretton-Wood System, policymakers have increasingly relied on weighted exchange rate indexes (nominal effective exchange rate index) or indexes of competitiveness (real effective exchange rate or...
Persistent link: https://www.econbiz.de/10011186263