PPP tests in cointegrated panels: Evidence from Asian developing countries

Syed A. Basher () and Mohammed Mohsin ()

Macroeconomics from EconWPA

Abstract: This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries using panel cointegration framework. We employ 'between-dimension' dynamic OLS estimator as proposed by Pedroni (2001b). The test results overwhelmingly reject the PPP hypothesis.

Keywords: Purchasing Power Parity; Panel Cointegration; Unit Root (search for similar items in EconPapers)
JEL-codes: F31 C22 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn
Date: 2003-10-14
Note: Type of Document - ppp; prepared on Win98; pages: 7; figures: 0
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http://129.3.20.41/eps/mac/papers/0310/0310013.pdf (application/pdf)

Related works:
Working Paper: PPP tests in cointegrated panels: Evidence from Asian developing countries (2003)
Working Paper: PPP TESTS IN COINTEGRATED PANELS: EVIDENCE FROM ASIAN DEVELOPING COUNTRIES (2002)
Journal Article: PPP tests in cointegrated panels: evidence from Asian developing countries (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0310013

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