EconPapers    
Economics at your fingertips  
 

Revisiting purchasing power parity in G6 countries: an application of smooth time-varying cointegration approach

Jingfei Wu (), Mohsen Bahmani-Oskooee () and Tsangyao Chang ()
Additional contact information
Jingfei Wu: Shanghai University

Empirica, 2018, vol. 45, issue 1, 187-196

Abstract: Abstract This study revisits purchasing power parity (PPP) for the G6 countries (i.e., Canada, Italy, Japan, France, Germany, the UK) using smooth time-varying cointegrating approach, proposed by Park and Hahn (Econom Theory 15:664–703, 1999). Using monthly data over the 1971M1–2013M12 period, our empirical results indicate that PPP holds in two out of six countries (i.e., France and Germany).

Keywords: Purchasing power parity; G6 Countries; Smooth time-varying cointegration test (search for similar items in EconPapers)
JEL-codes: C21 F31 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10663-016-9355-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:empiri:v:45:y:2018:i:1:d:10.1007_s10663-016-9355-1

Ordering information: This journal article can be ordered from
http://www.springer. ... ration/journal/10663

Access Statistics for this article

Empirica is currently edited by Fritz Breuss and Fritz Breuss

More articles in Empirica from Springer, Austrian Institute for Economic Research, Austrian Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-10-08
Handle: RePEc:kap:empiri:v:45:y:2018:i:1:d:10.1007_s10663-016-9355-1