Purchasing Power Parity with Nonlinear and Asymmetric Smooth Adjustment for the Middle Eastern Countries

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Title:	Purchasing Power Parity with Nonlinear and Asymmetric Smooth Adjustment for the Middle Eastern Countries
Authors:	Chang, Tsang-yao;Su, Chi-wei;Liu, Yu-shao
Contributors:	淡江大學國際貿易學系暨國際企業研究所
Keywords:	Nonlinear adjustment;Unit root test;Purchasing power parity;Middle Eastern countries
Date:	2012
Issue Date:	2011-07-28 00:50:07 (UTC+8)
Publisher:	Taylor & Francis
Abstract:	This empirical note uses a simple and powerful nonlinear unit root test proposed by Sollis (2009) to test the validity of Purchasing Power Parity (PPP) for Middle Eastern countries. Empirical test results indicate that PPP is valid for most of these Middle Eastern countries, with the exception of Bahrain. These results have important policy implications for the Middle Eastern countries under study.
Relation:	Applied Economics Letters 19(5), pp.487-491
DOI:	10.1080/13504851.2011.587756
Appears in Collections:	[Graduate Institute & Department of International Business] Journal Article

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