PPP TESTS IN COINTEGRATED PANELS: EVIDENCE FROM ASIAN DEVELOPING COUNTRIES

Syed Basher () and Mohammed Mohsin ()
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Syed Basher: York University, Canada

Working Papers from York University, Department of Economics

Abstract: This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries using panel cointegration framework. We employ ¡®between-dimension¡¯ dynamic OLS estimator as proposed by Pedroni (2001b). The test results overwhelmingly reject the PPP hypothesis.

Keywords: Purchasing Power Parity; Panel Cointegration; Unit Roots. (search for similar items in EconPapers)
JEL-codes: C22 C23 F31 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2002-05
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http://dept.econ.yorku.ca/research/workingPapers/working_papers/ppp.pdf First version, 2002

Related works:
Journal Article: PPP tests in cointegrated panels: evidence from Asian developing countries (2004)
Working Paper: PPP tests in cointegrated panels: Evidence from Asian developing countries (2003)
Working Paper: PPP tests in cointegrated panels: Evidence from Asian developing countries (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:yca:wpaper:2002_05

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