Nonlinear adjustment to purchasing power parity with flexible Fourier function in G-7 countries

DSpace CRIS

Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/67994

標題:	Nonlinear adjustment to purchasing power parity with flexible Fourier function in G-7 countries
作者:	Chang, T.Y. Su, C.W. Lee, C.H.
關鍵字:	purchasing power parity;G-7 countries;nonlinear KSS test;Fourier;function;smooth breaks;real exchange-rates;unit-root;smooth breaks;time-series;intervention;stationarity;hypothesis;tests
Project:	Applied Economics Letters
期刊/報告no：:	Applied Economics Letters, Volume 19, Issue 12, Page(s) 1111-1116.
摘要:	This study applied the nonlinear Kapetanios et al. (2003) test with a Fourier function (capturing the smooth breaks) to test the validity of long-run Purchasing Power Parity (PPP) for G-7 countries over the period January 1994 to April 2010. The empirical results indicate that PPP holds for all the G-7 countries studied. Our results have important policy implications for the G-7 countries under study.
URI:	http://hdl.handle.net/11455/67994
ISSN:	1350-4851
DOI:	10.1080/13504851.2011.615725
Appears in Collections:	期刊論文

Show full item record

TAIR Related Article

Check