The validity of purchasing power parity hypothesis for eleven Middle Eastern countries. Review of Middle East Economics and Finance 3(2), 135-149.Narayan, P.K. and B.C. Prasad (2005) `The Validity of Purchasing Power Parity Hypothesis for Eleven Middle Eastern Countries', Review of Middle ...
"Testing Long-run Validity of Purchasing Power Parity for Asian Countries". Applied Economics Letters (6): 147-151.Testing long-run validity of purchasing power parity for Asian countries - Doganlar - 1999Doganlar, M. (1999): "Testing long-run validity of purchasing power parity for Asian ...
This study tests the validity of the purchasing power parity (PPP) theory in Brazil, Russia, India, Macao-China and South Africa. We examine real exchange rates of these countries for mean reversion. The Hurst exponent is our mean reversion measure which is evaluated by the Detrended Fluctuation...
Time series properties of nominal exchange rate and price series show that they are nonstationary. The exchange rate and price series do not appear to be cointegrated for most of the countries. We reject the validity of purchasing power parity for Brazil, India, Indonesia, Pakistan, Philippines,...
This study analyzes the long-run validity of purchasing power parity (PPP) in three types of market economies—developed, emerging, and frontier markets—using the Fourier quantile unit root test. The analyses are conducted on 45 countries, including 10 developed, 20 developing, and 15 frontier ...
There is a large literature that examines purchasing power parity (PPP). The growth in this literature is mainly due to the absence of a consensus view on whether or not PPP holds. This paper considers PPP for 11 Middle Eastern countries using a number of tests: the one-break test unit ...
S. (2001). Misleading inferences from panel unit-root tests with an illustration from purchasing power parity. Review of International Economics, 9(3), 482–493. https://doi.org/10.1111/1467-9396.00294 Article Google Scholar Breusch, T. S., & Pagan, A. R. (1980). The Lagrange ...
Previous studies on purchasing power parity (PPP), using unit root tests, have tested either the null hypothesis of a unit root or the null of stationary real exchange rate. It has been argued that using either approach is insufficient to confirm the existence or non-existence of PPP. To st...
Using the quarterly data over the time period of 1961 to 2010, We have found the long run validity of purchasing power parity theory among the three developing and four developed countries. We have applied different econometric methodologies, PPP results differ among different econometric techniques....
purchasing power parity measures of GDP Why is real GDP a more accurate measure of an economy's production than nominal GDP? a. Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. b. Real GDP does not include the value of intermediate goods...