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Purchasing power parity in G-7 countries: Further evidence based on ADL test for threshold cointegration

Chang, Tsangyao; Lee, Chia-hao; Chou, Pei-I - In: Economics Bulletin 31 (2011) 2, pp. 1172-1182

This study applies a newly-developed Autoregressive Distributed Lag (ADL) test for threshold cointegration, proposed by Li and Lee (2010) to test the validity of long-run purchasing power parity (PPP) for G-7 countries over the January 1994 to April 2010. The empirical results indicate that PPP...

Persistent link: https://www.econbiz.de/10009643084

Purchasing Power Parity in African Countries: Further Evidence based on the ADL Test for Threshold Cointegration

Chang, Tsangyao; Lee, Chia-hao; Pan, Guochen - In: Economics Bulletin 32 (2012) 1, pp. 220-228

In this study, we applied a newly-developed Autoregressive Distributed Lag (ADL) test for threshold cointegration, proposed by Li and Lee (2010) to test the validity of long-run purchasing power parity (PPP) for a sample of 18 African countries from January 1985 to September 2008. Empirical...

Persistent link: https://www.econbiz.de/10009421766