Revisiting PurchasingPower Parity for India using threshold cointegration and nonlinear unit root test. Econ Change Restruct 2014;47:117-33.Tiwari AK and Shahbaz M (2014). Revisiting purchasing power parity for India using threshold cointegration and nonlinear unit root test. Economic Change and ...
This study examines the Purchasing Power Parity (PPP) hypothesis in case of India for her five major trading partners over the period of 1991M 1 –2009M 2 . The study used the DF-GLS unit root test and threshold autoregressive (TAR) model as well as momentum-TAR (M-TAR) models for em...
It might deliver even more: since India's output per head (at purchasing power parity) is roughly a fifteenth of that of the US, the potential for fast growth is huge.───结果甚至可能更高:印度人均产出(按购买力平价计算)大致是美国的十五分之一,因而存在巨大的快速增长潜力。 Now consider the...
The exchange rate and relative price series do not appear to be cointegrated for most of the countries. We reject the validity of purchasing power parity for India, Indonesia, Pakistan, Philippines, but we can accept it for Turkey.doi:10.1080/135048599353519...
I. Introduction Purchasing power parity, or the law of one price, is one of the most popularly tested theories in economics. In fact, tests for PPP have evolved along with time series analysis as much advancement in time series techniques have been applied in attempts to uncover parity ...
This article evaluates Purchasing Power Parity (PPP) with the aid of the Vector Error Correction Model (VECM) which reckons that an association stands among Real Exchange Rate, Interest Rate, and Inflation Rate in India. This article also determines a crucial heterogeneous firm's trade model ...
are usually significant differences between nominal exchange rates and the purchasing power parity rate; an often cited example is that in 2003, the GDP per capita in India was about US$1,700 based on nominal exchange rates, while it was US$3,600 based on a purchasing power parity ...
The Exchange Rate in the Presence of Transaction Costs: Implications for Tests of Purchasing Power Parity With transaction costs for trading goods, the nominal exchange rate moves within a band around the nominal purchasing power parity (PPP) value. We model th... PIET,SERCU,RAMAN,... - 《Jo...
1997. "Purchasing Power Parity in the Presence of Foreign Exchange Black Market: The Case of India." Applied Economics 29 (September): 1147-1154.Baghestani, H. (1997) "Purchasing power parity in the presence of foreign exchange black markets: the case of India" Applied Economics 29(9): ...
the functions of money of supply in each country. This implies that high purchase price in one country will be offset by the depreciation of the currency of that country. For example, if the purchase price in India is higher than that in the US, the Rupee will d...