Su, Chi-Wei; Liu, Yu-Shao; Zhu, Meng-Nan; Lee, Kuei-Chiu - In: Applied Economics Letters 19 (2012) 1, pp. 19-24
This study applies stationary test with a Fourier function proposed by Enders and Lee (2004, 2009) to test the validity of long-run Purchasing Power Parity (PPP) to assess the nonstationary properties of the Real Exchange Rates (RERs) for seven major countries of the Organization of the...