Revisiting purchasing power parity in major oil-exporting countries
Mohsen Bahmani-Oskooee (),
Tsangyao Chang (),
Shu-Ching Cheng and
Macroeconomics and Finance in Emerging Market Economies, 2015, vol. 8, issue 1-2, 108-116
Univariate unit-root tests of the purchasing power parity (PPP) are said to suffer from low power. Following the literature, we apply the sequential panel selection method combined with a Fourier function to test the PPP in six major oil exporting countries. The results support PPP in all six countries except Russia. Our results point to the importance of proper modelling of structural breaks and non-linearities in the real exchange rate series of these countries.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:macfem:v:8:y:2015:i:1-2:p:108-116
Ordering information: This journal article can be ordered from
Access Statistics for this article
Macroeconomics and Finance in Emerging Market Economies is currently edited by Subrata Sarkar and Ashima Goyal
More articles in Macroeconomics and Finance in Emerging Market Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().