This study presents an empirical analysis of purchasing power parity for 10emerging market economies, namely Brazil, India, Indonesia, South Korea, Mexico, Pakistan, Peru, Philippines, South Africa and Turkey. This is done by using cointegration technique. Time series properties of nominal...

This study presents an empirical analysis of purchasing power parity for five developing Asian countries, namely India, Indonesia, Pakistan, Philippines and Turkey. This is done by using cointegration technique. Time series properties of nominal exchange rate and price series show that they are...