Evidence of purchasing power parity from Asean data (Kewujudan pariti kuasa beli daripada data negara-negara Asean)

• Main Author: Hamizun Ismail
• Format: Article
• Published: Penerbit Universiti Kebangsaan Malaysia 2011
• Online Access: http://journalarticle.ukm.my/3439/; http://www.ukm.my/ppsmfst/jqma/index2.html
• Institution: Universiti Kebangsaan Malaysia

Purchasing power parity (PPP) is a theory of long-term equilibrium exchange rates based on relative price levels of two countries. The concept is based on the law of one price; the idea that in the absence of transaction costs, identical goods will have the same price in different marke...