The validity of PPP: evidence from Lagrange multiplier unit root tests for ASEAN countries

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Alper ASLAN;
  • Journal: Economics Bulletin,volume 30,issue 2,pages1,433-1,443
  • Subject: PPP,ASEAN,LM unit root
    • jel: jel:F3 | jel:C3

The univariate and panel Lagrange Multiplier (LM) unit root tests with one and two structural breaks proposed by Lee and Strazicich (2003, 2004) which are considerably more powerful than traditional tests are employed to investigate whether the purchasing power parity (... View more
  • References (3)

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    Alba, J and P. David (2007) “Purchasing power parity and country characteristics: evidence from panel data tests” Journal of Development Economic 83(1): 240-251.

    Feridun, M. (2005) “Can We Explain the Long-Term Real Equilibrium Exchange rates through Purchasing Power Parity (PPP): An Empirical Investigation (1965- 1995)” Ekonomicky Casopis 53(3): 273- 283.

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