Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates

• Main Authors: Tuck , Cheong Tang, Liew, Venus Khim−Sen
• Format: Monograph
• Language: English
• Published: Universiti Malaysia Sarawak 2009
• Subjects: HF Commerce; HG Finance
• Online Access: http://ir.unimas.my/id/eprint/225/1/Purchasing_Power_Parity_PPP.pdf; http://ir.unimas.my/id/eprint/225/
• Institution: Universiti Malaysia Sarawak

This study contributes to the existing literature by examining the validity of PPP hypothesis for Cambodia. The standard unit root tests (ADF and PP) and the panel unit root tests fail to support PPP hypothesis for the nine Cambodia’s trading partners. The unit root tests with structural break suppo...