Please use this identifier to cite or link to this item:
標題: Nonlinear adjustment to purchasing power parity in G-7 countries
作者: Chang, T.Y.
Lee, C.H.
Chou, P.I.
關鍵字: nonlinear unit root test;purchasing power parity;G-7 countries;real exchange-rates;unit-root;mean-reversion;time-series;2;centuries;hypothesis;economics
Project: Applied Economics Letters
期刊/報告no:: Applied Economics Letters, Volume 19, Issue 2, Page(s) 123-128.
This study applies a simple and powerful nonlinear unit root proposed by Sollis (2009) to test the validity of long-run Purchasing Power Parity (PPP) in G-7 countries over the period January 1980 to September 2008. The empirical results indicate that PPP holds true for all G-7 countries, with the exception of Canada, and the adjustment towards PPP is nonlinear but in a symmetric way. These results have important policy implications for the G-7 countries under study.
ISSN: 1350-4851
DOI: 10.1080/13504851.2011.568389
Appears in Collections:期刊論文

Show full item record

Google ScholarTM




Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.