Baharumshah, Ahmad Zubaidi; Aggarwal, Raj; Haw, Chan Tze - In: Global Economic Review 36 (2007) 2, pp. 103-119
This paper empirically tests purchasing power parity (PPP) using panel unit root designed for heterogeneous panels. Monthly data of six East Asian countries (South Korea, Thailand, Indonesia, Malaysia, Singapore and the Philippines) were used to test the long-run PPP relationship. This study...