Lin, Su-Yuan; Chang, Horng-Jinh; Chang, Tsangyao - In: Post-Communist Economies 23 (2011) 2, pp. 191-201
This study applies the stationarity test with a Fourier function proposed by Becker et al. to test the validity of long-run purchasing power parity (PPP) in a sample of transition countries from January 1995 to December 2008. The empirical results indicate that PPP does not hold for most of the...