Narayan, Paresh K; Prasad, Biman Chand - In: Review of Middle East Economics and Finance 3 (2005) 2, pp. 44-58
There is a large literature that examines purchasing power parity (PPP). The growth in this literature is mainly due to the absence of a consensus view on whether or not PPP holds. This paper considers PPP for 11 Middle Eastern countries using a number of tests: the one-break test unit root, the...
