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Are there periodically collapsing bubbles in the stock markets? : new international evidence

Chen, Shyh-Wei; Hsu, Chi-Sheng; Xie, Zixong - In: Economic modelling 52 (2016), pp. 442-451

Persistent link: https://www.econbiz.de/10011642804

Revisiting purchasing power parity in African countries : panel stationary test with sharp and smooth breaks

Bahmani-Oskooee, Mohsen; Chang, Tsangyao; Wu, Tsungpao - In: Applied financial economics 24 (2014) 22/24, pp. 1429-1438

Persistent link: https://www.econbiz.de/10010460119

Are there housing bubbles in South Africa? : evidence from SPSM-based panel KSS test with a Fourier function

Chang, Tsangyao; Liu, Wen-Chi; Aye, Goodness C.; Gupta, … - In: Global business & economics review 18 (2016) 5, pp. 517-532

Persistent link: https://www.econbiz.de/10011665420

Purchasing power parity in transition countries: Old wine with new bottle

He, Huizhen; Ranjbar, Omid; Chang, Tsangyao - In: Japan and the World Economy 28 (2013) C, pp. 24-32

This study questions whether the long-run purchasing power parity (PPP) holds in the transition economies (Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romanian, and Russia) for the period from January 1995 to October 2011. We employ the Sequential Panel Selection Method...

Persistent link: https://www.econbiz.de/10010730205

Nonlinear adjustment to purchasing power parity for ASEAN countries

Chang, Tsangyao; Lee, Chia-Hao; Liu, Wen-Chi - In: Japan and the World Economy 24 (2012) 4, pp. 325-331

This study applies a simple and powerful nonlinear unit root test, proposed by Sollis (2009), to test the validity of long-run purchasing power parity (PPP) in a sample of ASEAN countries. The empirical results indicate that PPP only holds for three of these ASEAN countries studied, and the...

Persistent link: https://www.econbiz.de/10010595045

Revisiting long-run purchasing power parity with asymmetric adjustment for G-7 countries

Chang, Tsangyao; Lee, Chia-Hao; Chou, Pei-I; Tang, Dai-Piao - In: Japan and the World Economy 23 (2011) 4, pp. 259-264

In this study, we applied a threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment on long-run purchasing power parity (PPP) in G-7 countries between January 1994 and April 2010. Although there was strong evidence of long-run PPP...

Persistent link: https://www.econbiz.de/10010574385