Test of the purchasing power parity hypothesis by using panel structural break test for transition economies
Alper Aslan () and
Ferit Kula ()
Economics Bulletin, 2009, vol. 29, issue 2, A20
This paper is aim to test the validity of the purchasing power parity hypothesis by analyzing the transition economies such as Bulgaria, Czech Republic, Hungary, Poland, Romania. For this purpose, the minimum LM unit root test with one structural break is applied to real exchange rate data.
Keywords: PPP; MADF; LM test. (search for similar items in EconPapers)
JEL-codes: C3 F3 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00333
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