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The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates

Chinn, Menzie David - 1998

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore,...

Persistent link: https://www.econbiz.de/10013369948

The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates

Chinn, Menzie David - Oesterreichische Nationalbank - 1998

Persistent link: https://www.econbiz.de/10005839490

Exchange Rate Volatility and Non-Traditional Exports Performance: Zambia, 1965–1999

Musonda, Anthony - Volkswirtschaftliche Fakultät, … - 2008

This study estimated an error correction model of the impact of real effective exchange rate volatility on the performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional heteroscedasticity (GARCH) measure of real exchange rate...

Persistent link: https://www.econbiz.de/10009004209

Real Exchange Rates and the Relative Prices of Non-Traded and Traded Goods : An Empirical Analysis

Groen, Jan J.; Lombardelli, Clare - 2005

This paper provides an empirical analysis of the decomposition of UK real exchange rates into the relative price of traded goods and the ratio of the relative price of non-traded to traded goods, and tests the prediction that deviations from the law of one price in tradable goods dominate real...

Persistent link: https://www.econbiz.de/10014067787

Working Paper 31a

Chinn, Menzie David - Oesterreichische Nationalbank - 1998

Persistent link: https://www.econbiz.de/10010727668

The relative price of tradables and nontradables and the U.S. trade balance

Zietz, Joachim - In: Open Economies Review 7 (1996) 2, pp. 147-160

The real exchange rate is defined as the relative price of nontradables and tradables. An index of the relative price … exports than a comparable purchasing power parity real exchange rate. The relative price of nontradables, in turn, is shown to … be cointegrated with a set of variables that drive the demand for and supply of nontradables. These variables capture …

Persistent link: https://www.econbiz.de/10005715088

Trade barriers and the relative price of tradables

Sposi, Michael - In: Journal of international economics 96 (2015) 2, pp. 398-411

Persistent link: https://www.econbiz.de/10011387723

Nonlinear Econometric Approaches in Testing PPP of SADC Economies towards Monetary Union

Zerihun, Mulatu F.; Breitenbach, Marthinus C.; Kemegue, … - Economic Research Southern Africa (ERSA) - 2014

The theory of purchasing power parity implies that real exchange rate series should be stationary. However, conventional unit root tests on the Southern African Development community (SADC) real exchange rates confirm the existence of a unit root. Such deficiencies in the investigation of the...

Persistent link: https://www.econbiz.de/10010747544

The Validity of Purchasing Power Parity Hypothesis in Middle East and Northern Africa Countries

Kalyoncu, Hüseyin; Kula, Ferit; Aslan, Alper - In: Journal for Economic Forecasting (2010) 4, pp. 125-131

This paper re-examines the Purchasing Power Parity (PPP) hypothesis in which the endogenously determined break points are incorporated in thirteen major Middle East and Northern Africa (MENA) countries by using official and black market exchange rates data over 1970-1998. We utilize Lagrange...

Persistent link: https://www.econbiz.de/10008784899

Cointegration Tests of PPP: Do they also Exhibit Erratic Behaviour?

Caporale, Guglielmo Maria; Hanck, Christoph - CESifo - 2006

We analyse whether tests of PPP exhibit erratic behaviour (as previously reported by Caporale et al., 2003) even when (possibly unwarranted) homogeneity and proportionality restrictions are not imposed, and trivariate cointegration (stage-three) tests between the nominal exchange rate, domestic...

Persistent link: https://www.econbiz.de/10005765840

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