Ahmad, Shabbir; Rashid, Abdul - In: Economics Bulletin 6 (2008) 17, pp. 1-6
This study tests the purchasing power parity hypothesis for four South Asian economies and China by employing a recent nonlinear test of stationarity. Besides testing the CPI based PPP, we have also used PPI based real exchange rate in the analysis. The results indicate that nonlinear tests are...
