Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration

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	Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration
	Chang, Tsangyao ; Su, Chi-Wei ; Su ZW(苏志伟)
刊名	http://dx.doi.org/10.1080/00036846.2012.657354
	2013
关键词	REAL EXCHANGE-RATES INTERVENTION STATIONARITY ADJUSTMENT ECONOMICS PUZZLES ROOT
英文摘要	This study applies a simple and powerful nonlinear rank test, proposed by Breitung (2001) to test the validity of long-run Purchasing Power Parity (PPP) in a sample of East Asian countries over the period March 1985-September 2008. The empirical results indicate that PPP holds for all of East Asian countries studied and the nominal exchange rate, domestic Consumer Price Index (CPI) and the US CPI are all linearly interrelated with the exception of China. Our results have important policy implications for these East Asian countries under study.
语种	英语
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
内容类型	期刊论文
源URL	[http://dspace.xmu.edu.cn/handle/2288/90172]
专题	经济学院－已发表论文
推荐引用方式 GB/T 7714	Chang, Tsangyao,Su, Chi-Wei,Su ZW. Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration[J]. http://dx.doi.org/10.1080/00036846.2012.657354,2013.
APA	Chang, Tsangyao,Su, Chi-Wei,&苏志伟.(2013).Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration.http://dx.doi.org/10.1080/00036846.2012.657354.
MLA	Chang, Tsangyao,et al."Revisiting purchasing power parity for East Asian countries using the rank test for nonlinear cointegration".http://dx.doi.org/10.1080/00036846.2012.657354 (2013).