Liu, Siyue; Chang, Tsangyao; Lee, Chia-Hao; Chou, Pei-I - In: Applied Economics Letters 19 (2012) 6, pp. 569-573
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 a sample of East Asian countries from January 1986 to October 2009. Empirical results...