The Validity of PPP Revisited: An Application of Non-linear Unit Root Test
To this end, the validity of purchasing power parity (PPP) remains a controversial issue, as empirical evidence is inconclusive. This study provides robust empirical evidence to support the view that negligence of non-linearity may be the culprit of these contrasting findings. This paper demonstrate...
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| Main Author: | |
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| Format: | E-Article |
| Language: | English |
| Published: |
Munich University Library
2003
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18599/7/The%20Validity%20of%20PPP%20Revisited%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/18599/ https://econpapers.repec.org/paper/wpawuwpif/0308001.htm |
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| Institution: | Universiti Malaysia Sarawak |
| Language: | English |