Purchasing Power Parity Theory: A Cross-Sectional Dependence Panel Data Analysis of Sixteen Developed Countries
This paper examined the purchasing power parity (PPP) theory for a group of sixteen developed countries using powerful statistical panel data methods that account for cross-sectional dependence. The paper utilized the Pesaran panel unit root test, the cointegration test of Westerlund, the Augmented...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
UUM Press
2023
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Subjects: | |
Online Access: | https://repo.uum.edu.my/id/eprint/29752/1/JCIA%2002%2001%202023%2089-106.pdf https://doi.org/10.32890/jcia2023.2.1.5 |