Revisiting purchasing power parity for East Asian countries: panel SURADF tests

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/68002

標題:	Revisiting purchasing power parity for East Asian countries: panel SURADF tests
作者:	Chang, T. Lee, C.H.
關鍵字:	real exchange-rates;unit-root tests;2 centuries;economics
Project:	Applied Economics Letters
期刊/報告no：:	Applied Economics Letters, Volume 17, Issue 13, Page(s) 1329-1334.
摘要:	In this study, the panel Seemingly Unrelated Regression Augmented Dickey-Fuller (SURADF) tests advanced by Breuer et al. (2001) are used to test the validity of Purchasing Power Parity (PPP) for a sample of East Asian countries over the 1985M3 to 2008M5. The empirical results from several panel-based unit root tests indicate that PPP does not hold for East Asian countries under study; however, Breuer et al.'s (2001) panel SURADF tests indicate that PPP is valid for most of the East Asian countries under study.
URI:	http://hdl.handle.net/11455/68002
ISSN:	1350-4851
DOI:	10.1080/13504850902958356
Appears in Collections:	期刊論文

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