Purchasing Power Parity in Developing Countries: Evidence from Conventional and Fractional Cointegration Tests
This paper examines the long-run validity of purchasing power parity (PPP) for fourteen developing countries. The period examined is 1973:4 through 2002:8. The methods of Elliot, Rothemberg and Stock (1996), Kwiattkoski et al. (1992) and Geweke and Porter-Hudak (1983) are employed to detect the time...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Universiti Utara Malaysia Press
2004
|
Subjects: | |
Online Access: | https://repo.uum.edu.my/id/eprint/25110/1/IJBF%202%202004%2029%2043.pdf |