for a structural shift in the volatility of the Mexico-US bilateral real exchange rate. The Kim, Leybourne and Newbold … exchange rate, hence evidence of PPP, for the full sample, 1930-2012 and various subsamples. The persistence of deviations of … the real rate from its PPP level as measured by half-lives ranges from 1.37 to 2.41 years. …

for a structural shift in the volatility of the Mexico-US bilateral real exchange rate. The Kim, Leybourne and Newbold … exchange rate, hence evidence of PPP, for the full sample, 1930-2012 and various subsamples. The persistence of deviations of … the real rate from its PPP level as measured by half-lives ranges from 1.37 to 2.41 years. …

This study examines the validity of the purchasing power parity (PPP) in Turkey for annual data from 1953 to 2009 …. While results from both the ADF unit root and the DF-GLS unit root test indicate mixed results, PPP holds for Turkey with …

This paper examines the hypothesis of Purchasing Power Parity (PPP), i.e. the proposition that the equilibrium real … show that globally there is little evidence to support PPP, i. e. the stationarity hypothesis of real exchange rates is … with ULC. Furthermore, general PPP with consumer prices is verified in only one case, namely between France and Germany …

The purpose of the paper is twofold. Firstly, we test the validity of the PPP hypothesis for selected CEEC (Czech … find stronger evidence of PPP from the latter test. Moreover, any failure to accept PPP cannot be attributed to structural … breaks, apart from one case (between Czech Republic and EU). In overall, there is evidence of strong-form PPP in 6 out of the …

This study examines the validity of the purchasing power parity (PPP) in 8 transition countries for monthly data from … 1992:1 to 2009:1. While results from both the ADF unit root and the KPSS unit root test indicate that PPP does not hold for … breaks, PPP holds only for Bulgaria and Romania it does not hold for the other 6 transition countries. Testing the …