Testing PPP for Asian economies during the recent floating period

Ping Wang

Applied Economics Letters, 2000, vol. 7, issue 8, 545-548

Abstract: The validity of purchasing power parity (PPP) is examined between seven Asian countries and the US during the flexible exchange rate period, in the framework of the Johansen cointegration approach with and without restrictions of the PPP parameters. It is found that a long-run comovement exists between the nominal exchange rate and the prices, but the PPP vector does not exist in the cointegration space and the nominal exchange rate and domestic and foreign prices do not move one by one as implied by the theoretical PPP.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:7:y:2000:i:8:p:545-548

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850050033355

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().