PPP in emerging markets: evidence from Fourier non-linear quantile unit root analysis

Saban Nazlioglu, Mehmet Altuntas and Emre Kilic

Applied Economics Letters, 2022, vol. 29, issue 8, 731-737

Abstract: We test PPP in 27 emerging markets by using new Fourier non-linear quantile unit root test. Conventional unit root tests support PPP at most in half of the countries. Fourier non-linear quantile unit root test reinforces PPP in 26 out 27 countries, providing a fresh evidence for solving the PPP puzzle in the case of emerging markets.

Date: 2022
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DOI: 10.1080/13504851.2021.1884834

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