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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.
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.
ISSN: 1350-4851
DOI: 10.1080/13504850902958356
Appears in Collections:期刊論文

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