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標題: Purchasing power parity in Mainland China and Taiwan: an empirical note based on threshold unit root test
作者: Chen, T.H.
Chang, T.Y.
Zhang, Y.C.
Lee, C.H.
關鍵字: purchasing power parity;threshold unit root test;Mainland China;Taiwan;real exchange-rates;time-series;2 centuries;stationarity;hypothesis;economics
Project: Applied Economics Letters
期刊/報告no:: Applied Economics Letters, Volume 18, Issue 18, Page(s) 1807-1812.
This empirical note applies the threshold unit root test proposed by Caner and Hansen (2001) to test the validity of long-run Purchasing Power Parity (PPP) in Mainland China and Taiwan over the period of January 1986 to October 2009. The empirical results indicate that PPP holds true for the two areas under study, and the adjustment towards PPP is found to be nonlinear.
ISSN: 1350-4851
DOI: 10.1080/13504851.2011.564122
Appears in Collections:期刊論文

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