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: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia Press
2004
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25110/1/IJBF%202%202004%2029%2043.pdf |