Liu, Siyue; Zhang, Dongxiang; Chang, Tsangyao - In: Applied Economics Letters 19 (2012) 18, pp. 1781-1785
This study applies the Threshold Autoregressive (TAR) model proposed by Caner and Hansen (2001) to test the validity of long-run Purchasing Power Parity (PPP) of eight transition countries over the period January 1995 to October 2011. The empirical results indicate that PPP holds true for only...
